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To: KyrosL who wrote (16555)3/7/2002 9:53:58 PM
From: Don Lloyd  Respond to of 74559
 
Kyros -

I think my mother got a lot more for her money than she would have gotten for an equivalent amount of money twenty years ago.

No question, but that's the way it's supposed to work. Lower prices on existing products and all sorts of new and improved products and services.

However, if it weren't for the government devaluing money, all of these things, both new and just improved, would cost even less. The government is using the fact that all kinds of people are producing things more efficiently as savings are invested in capital equipment and new procedures to help disguise the fact that it is pursuing an inflationist policy for its own purposes.

Regards, Don



To: KyrosL who wrote (16555)3/8/2002 1:44:38 AM
From: LLCF  Respond to of 74559
 
<< My mother had her spleen removed about a year ago. It was done using laparoscopy and a very small incision. She had to stay in the hospital only a day (she is in her seventies) and by her description it was not much more complicated than getting a flu shot. Her hospital stay for this one day and all the drugs and equipment cost an arm and a leg, a lot more than it would have been twenty years ago. BUT, twenty years ago this procedure would have required a week's stay in the hospital, considerably more suffering, and a much greater chance of complications or even death (at her age.)>>

Exactly!!! So the technological advance and the amazing advances in productivity are ALREADY taken into account... she can continue living and spending and adding to life on the planet.

DAK