Author: huarenmalays

How All Chinese People Can Get Richer [Copy link] 中文

Post time 2006-1-31 08:09:45 |Display all floors

I'm Forever Blowing Bubbles

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Post time 2006-1-31 08:38:30 |Display all floors

US savings rate sinks to lowest since Great Depression

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Rank: 4

Post time 2006-1-31 14:20:37 |Display all floors

Yes I agree

What about racism in the economy?

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Post time 2006-1-31 21:21:02 |Display all floors

Bad Math in Economics

There is something the economists have not been telling us for decades.

They do not talk about how much consumers loose on depreciation of automobiles and other durable goods like air conditioners and washing machines.  Machines wear out with use and eventually must be replaced.  They loose value over time as they gradually wear out.  This is depreciation.  When consumers buy new products the economists add that to Gross Domestic Product but they never subtracted that depreciation.  

The United States manufactured 70,000,000 cars in the 1950's.  The vast majority of those cars have been crushed and melted down.  They got added to the econmy in the 50's but they haven't been subtracted from anywhere since then.  The mathematics says they should still be on the road.  We are running the planet on bad algebra.

http://discussions.pbs.org/viewtopic.pbs?t=28529

psikeyhackr

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Post time 2006-2-4 09:02:16 |Display all floors

Antitrust!

I wish the WTO will ban cartels, holding companies, vertical and horizontal monopoly, cross-holding of shares, and interlocking corporate directorates, so China will not have a monopolistic economy like Japan. Thank you.

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Post time 2006-2-5 09:11:44 |Display all floors

All Chinese can get richer by only buying from other Chinese

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Post time 2006-2-5 09:24:20 |Display all floors

Gross Domestic Product

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