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To: Skeeter Bug who wrote (129458)	8/1/2001 5:21:01 PM
From: Don Lloyd	Read Replies (1) \| Respond to of 164684

SB - ...i'll stew on the apples / computers analogy you presented. help me, though. an apple in a refrigerator is a tangible item that can be consumed or traded for dollars. what tangible items do computers create in a similar manner?... While you can assign a computer a tangible function, as a typewriter, for example, my point was that as specific product prices and total revenues fall towards zero, they become less and less important to the dollar economy, even though they may still be a vital part of the subjective standard of living. This is where the fault lies in the hedonic and chained-dollar frauds in trying to prevent the products with falling prices from falling in significance to the dollar economy. It is entirely normal that most products fall in price as they are produced more and more efficiently. If there were no inflation, and there were no NEW products, then measurements of the dollar economy would likely decline year over year even as real standards of living were continuing to increase nicely. Regards, Don