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

To: Thomas A Watson who wrote (616440)	9/2/2004 9:04:49 AM
From: Neocon	Respond to of 769670

I agree, productivity gains have offset much of what would normally be inflationary pressure. the computer revolution has also increased efficiency by permitting, for example, much lower inventories to be held in storage, because it is easier to tailor short runs to inventory depletion. Another example of increased efficiency is the ability use listserves for virtual meetings, rather than having to set aside a lot of time. Besides technology, the deregulation of the '80s was mostly good, creating more competition and permitting more innovation. In the area of electornics itself, that meant that computers got better and better, for lower and lower prices, as did camcorders, digital cameras, and other such products. And, of course, the reduction in marginal tax rates not only created greater incentive to advance, but also made it less costly to hire at the upper echelons, insofar as one needn't compensate for "deduction loss".