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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: E. Charters who wrote (85529)	5/19/2002 9:33:38 PM
From: Don Lloyd	Respond to of 116836

E. Charters - ...You have to ignore the so called "improvement" in goods today. (The idea that we can afford to have more technology and cheaper today.) If we can so what? What people needed or could have then is the key. If they could afford the perceived needs and wants then, then the life was economically comparable. Plus, we have to look at the "apples and oranges" concept a bit vis a vis quality. Where they getting more for their money for goods? Quality of goods has NOT increased since 1934.... The entire concept of quality adjustments for economic measurements is nothing more than a political manipulation of the numbers. If a pencil cost a dime last year, and it still costs a dime this year, the fact that it now has an eraser and will write under water adds exactly no utility for Tiger Woods' caddy in recording his golf scores if he doesn't make mistakes and stays out of the water hazards. Pretending that it costs less than it actually does for useless new features is completely unjustified. It is a new product, different from the old one, representing different utilities for different customers. Regards, Don