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To: Maurice Winn who wrote (14168)	1/29/2002 8:27:01 AM
From: AC Flyer	Respond to of 74559

Mq: >>ACF, I take the point, but my theory is that Uncle Al can print a LOT faster than cost improvements can cut prices. He intends to do so because the aim is to keep a small inflation rate and so he should since he's the owner of the money tree and might as well print the USA government a big swag of profits while prices are under pressure.<< I agree. Spending the evil empire into oblivion and undermining totalitarian regimes across the world with the devastating McDonalds's culture has got to be worth some reward, no? >>Therefore, I don't think the purchasing power of $500K will improve [other than for certain products where there are huge gains in productivity such as CDMA devices].<< Well, yes and no. As I think I have previously explored, only 10% of the US population will be engaged in manufacturing activities by 2040 (it's about 20% now - down to 5% by 2080!). That 10% will produce the same percentage of US GNP that the 20% do now. The 10% will also be supplied with VERY low cost material and energy inputs by the 2+ billion people in China, India, Canada and the countries of the former Soviet Union who will in 40 years still be shipping us their treasure, in the form of steel, aluminum, primary metal products, leather (for the seats), oil and timber, in return for the green paper that they need to buy our priceless treasury bills, common stocks and Segway scooters. So, anything you can ride in or on, drive or use will be a LOT cheaper. But need a massage, hey, bring a big stack of bills. As to your value of life treatise, I agree, of course. Any life can be valued in an actuarial sense. The actuaries do it based on that life's economic capacity. It still does not mean that I am worth more (or less) to my children than any other father.