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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Knighty Tin who wrote (94561)	2/20/2002 3:25:01 PM
From: JHP	Read Replies (1) \| Respond to of 132070

hey if this NXTL continues i may be able to afford another burger! i only i was as nimble with the goats

To: Knighty Tin who wrote (94561)	2/20/2002 4:20:49 PM
From: Tommaso	Read Replies (2) \| Respond to of 132070

My idea is that the right price for a cup of coffee is ten cents. Of course, ten-cent coffee was usually pretty bad. But the great thing in my lifetime is the decline (inflation-adjusted) in the price of beer and the incredible improvement in the quality of beer. Now there's hedonic valuation. You can get a beer that is four times as good as it used to be for $1.00 (supermarket price), and the 25 cents you would pay for a bottle of crummy beer in 1967 is, inflation-adjusted, $1.31 now. So things are, hedonically, one-fifth the price--when it comes to beer. Coffee, on the other hand, is by my estimation only three times better than in 1967, so a 30-cent cup (1967 cents) ought to cost $1.57. Actually you can get something good for about that price in some places. So hedonically, coffee is break-even. Women, it seems to me, are greatly improved since 1967. That is, in 1967, only about 5% of women aged 23 were stunningly beautiful. Now about 85% of them are. <g>