>By Kurt Richebacher
He's right about hedonic pricing - though, to be fair, the statisticians are doing something nearly impossible as well as they can. But beware this guy - he's a pure permabear. Like many of that species, they're Austrian in their economics, hostile to the state and skeptical of its ability to stabilize capitalism. They're all day of reckoning types (and a lot of leftists love them for it - is this where Hayek and Mattick meet?). And there's something to that. But state policy makers have been pretty successful for decades at stabilizing the system.
Doug