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To: Mike M2 who wrote (177752)	1/18/2009 4:26:32 PM
From: Skeeter Bug	Respond to of 306849

M2, glad to see someone else not falling for a complete rewrite of history. good links exposing the fraud under clinton's watch. i still wrench when that pathological liar claims to have had a budget surplus - the debt gre every single year he was in office - in spite of his having overseen a massive stock market bubble.

To: Mike M2 who wrote (177752)	1/18/2009 7:09:34 PM
From: James Hutton	Read Replies (2) \| Respond to of 306849

Interesting article. I really don't know that much about BLS numbers and productivity calculations, or hedonic pricing (other than in attempting to calculate damages to natural resources). I do note that, according to the LA Times, Jim Grant commissioned the study he cites. articles.latimes.com So take it with a grain of salt. If memory serves, Greenspan used the productivity numbers to justify keeping interest rates low throughout the late 90s and after the tech bubble burst. I think Fleckenstein talks about this in his book about Greenspan. Oops, your second link speaks to this.