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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Neocon who wrote (616426)	9/2/2004 8:47:03 AM
From: Thomas A Watson	Read Replies (1) \| Respond to of 769670

If productivity increases, more goods are produced for less investment. If one can produce more goods for less money, one can sell the goods for less. The effects of computer technology increase and continue to increase productivity. Better communications, even better just in time. Isn't the connection obvious to everyone who can think. The tools that create computer technology, the computers themselves and the software get bigger, better, faster. The communcation of information about the tools and everything else get faster and more complete and better indexed. How many people know about the Grid. Every day 247 years of computing is done solving complex biochemical simulation problems. grid.org The more one understands technology, the more obvious everything is. Currently my computers when idle do on average Averages Avg. CPU Time Per Calendar Day (y:d:h:m:s) 0:002:04:35:22 Avg. CPU Time Per Result (y:d:h:m:s) 0:000:05:23:28 Avg. Points Per Hour of CPU Time 20.86548 Avg. Points Per Calendar Day 1,097.30189 Avg. Points Per Result 112.48936 Avg. Results Per Calendar Day 9.75472 Of 1.2 million members, my computers have returned results in the top 10%. Results Returned (Rank) 517 (#111,393)

To: Neocon who wrote (616426)	9/2/2004 7:25:20 PM
From: DuckTapeSunroof	Respond to of 769670

"perpetual stimulus" It indicates a structural flaw in the monetary policies of most of the developed world. IMO, monetary policy has been permanently politicized (aimed at political, not economic goals). It has been convincingly argued that the OVERALL growth rate of our economy would have been higher WITHOUT the Fed-engineered 'perpetual stimulus' (which is ultimately self-defeating). IMO, the more successful strategy would be to DUMP Keynesian policies altogether, and establish steady-state monetary growth --- growing the money supply only as much as GNP increases. "for some reason, the last 20 years has been a period of remarkably low inflation." Post WW II period has seen SYSTEMIC inflation imbedded in our economy for the first time in our history as a nation --- which tells us that SOMETHING changed with FDR. This same period also tracks with the MASSIVE growth of the federal government. (No coincidence.) As to the last 20 years, I'd argue that the emergence of China in the world markets has resulted in the 'export' of steady deflation in manufactured goods (note: NOT raw materials). This is likely to continue until their currency is allowed to trade freely (where it will significantly appreciate, while the dollar falls)... or until their income levels increase further toward parity with their trading partners. This is the MAIN factor that has served to moderate inflation in our society --- but it is NOT a state of affairs that will last.