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To: arun gera who wrote (60834)	3/9/2005 5:55:08 PM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<>You can see that IQ points are worth something like $50,000.> There has been a devaluation. Now it is just $10,000, thanks to cheaper communication and overproduction in India and China.> Good point Arun. But I think that means more about exchange rates and currency values than the value of IQ. The value of those Indian CDMA brains is the same as the western ones because the value they produce is the same. The buyer of CDMA services and devices doesn't know who produced the goods. The consumer surplus increases as the input costs are competed away. Hmmm, I need more brainpower to figure it out. I suspect it means the US$ is NOT over valued and needs to depreciate. It also means an Indian IQ point, albeit lowly-paid in India, is still the same value as the highest paid IQ point and the difference is competed away and the benefit flows to the consumer in the form of consumer surplus. Which contradicts my previous valuation of IQ points in poor and rich countries. I think. Would you like to sort it out for me? My brain hurts. Too much lead, mercury and dietary deficiency [damn 20th century child development processes]. Mqurice