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To: Moominoid who wrote (10970)	11/4/2001 8:33:42 PM
From: LLCF	Read Replies (1) \| Respond to of 74559

<It seems we are agreed that some kind of adjustment is theoretically correct. < No, actually I don't. I think nominal dollar statistics should be the official numbers, less errors. If the FED is convinced that the economy needs more money, they should simply supply it. No reason to make the official numbers the subjective ones and institutionalize it. <The reason they focused on computers etc. is because change is so rapid there that it was having a significant impact on the stats. > No, I mean why do the hedonic pricing at all... however I agree with the poster that we have beaten this to death before, there are plenty of economists on both sides, we don't bring much to the argument. <GNP/GDP just measures market goods/income etc.> No, the government now includes theoretical goods... but only where it can improve the productivity numbers :) DAK