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To: Moominoid who wrote (10958)	11/2/2001 1:45:31 PM
From: smolejv@gmx.net	Read Replies (1) \| Respond to of 74559

The bottleneck is the workforce. Give a checkout person at Home Depot a zingy XYZ Pentium/Titanium whatever and he/she still will have to know the numbers. Hedonic pricing may be a fact. But it should not be an excuse. At least for God's sake, throw in a saturation curve instead of a simple factor. BTW, I think, this is exactly what's behind the productivity corrections a month or two back. dj

To: Moominoid who wrote (10958)	11/2/2001 3:13:19 PM
From: LLCF	Read Replies (2) \| Respond to of 74559

< Do you really believe that a 1981 IBM PC is just as useful as a similar priced machine today?> 1981 is a bit silly no? Let's take a 4 years old model, as a typewritter??? Probably nearly as useful, and CERTAINLY closer to the same than the government throws into their statistics pot. Truth is, they don't have a clue. Can you give a good reason why this should be done? The goverment doesn't try and measure other intangibles [noise in society, quality of life, etc], why throw these intangibles into the pot? By this reasoning you wouldn't measure product quality for it's own sake. DAK

To: Moominoid who wrote (10958)	11/2/2001 3:37:29 PM
From: Don Lloyd	Read Replies (3) \| Respond to of 74559

David - Do you really believe that a 1981 IBM PC is just as useful as a similar priced machine today? I've just invented a new pencil and an efficient production process to go with it. Not only is it self-sharpening, but it can withstand pressures equivalent to those found at the surface of Jupiter, and when idle, it amuses itself by writing and publishing public domain poetry. It can be produced to sell for the price of a penny for a thousand. The previous model could only withstand being run over by a 10 ton truck, could not get its poetry published, and sold at the price of 100 per penny. How does the changeover to the new model affect economic statistics? Regards, Don