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To: Maurice Winn who wrote (26980)	1/7/2003 6:02:31 AM
From: smolejv@gmx.net	Read Replies (2) \| Respond to of 74559

The CPI index (consumer price Increase) is used to set / control the money growth (EZB for instance is using it, at least partially). It does not say anything about the amount of money in circulation at all. Plus it's a question, which kind of money (MZM, M3 or other alternatives) one is talking about - and able to control (the growth of) in the first place. >>that's just a surrogate for the real value, which an hour of the median human's time<< well, you probably mean production hour - but then one gets entangled in the problems of measuring productivity and for that number you can just use the phone book. Going top down, starting at GDP or GDP growth, would be my way of looking at it,(purchasing power should reflect the producing power), but that does not include the role of US$ in global finances. >>Uncle Al should expand and shrink the US$ production to maintain a fixed median human value<< Should I then assume, that the number of hours in US worked has been increasing at the same rate as the amount of dollars sloshing around?