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Praise for Digital Deflation:
"Technology, productivity, deflation, and wealth creation. It's all here, and Graham Tanaka is right on target!"
--Lawrence Kudlow, CNBC's "Kudlow & Cramer."
"Whether you're bullish, bearish or in between, this is an important book for all investors to read!"
--Dr. Edward Yardeni, Chief Investment Strategist, Prudential Securities
"Once in a great while, an original and thought-provoking book comes along. Digital Deflation is it--a must read!"
--Thomas R. Schwarz, former president and COO, Dunkin' Donuts, Inc.
"Graham Tanaka has sensed, well ahead of most, the issues surrounding the possible emergence of 'deflation.' He demonstrates that our measurement processes, tuned as they are to inflation, are not picking up the declines in real prices that are occurring--and that we are missing the implications for our economy and corporate strategies."
--William C. Dunkelberg, chief economist,
National Federation of Independent Business
"Consumers spend on goods and services with the greatest quality improvement rather than merely responding to price information. Thank Graham Tanaka for laying out this and other valuable insights in Digital Deflation. Read it."
--Wayne Angell, former Federal Reserve Governor
How the "digital revolution" is driving today's economy--and its impact on corporations, government policy, and the stock market
New technologies have transformed how today's economy works. Digital Deflationexamines this new economic environment, from how we got here to where we are going. Eye-opening yet solidly grounded, it explains how low inflation and interest rates, coupled with technology-driven productivity gains, will create massive wealth in the coming decades, and benefit stock market P/E multiples over the long term.
Combining insightful analyses with convincing charts and graphs, Digital Deflationprovides a clear understanding of how digital technologies will continue to alter every aspect of business. Readers will discover:
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Graham Tanaka, C.F.A. is president, senior investment analyst, and portfolio manager for Tanaka Capital Management and the Tanaka Growth Fund. Tanaka was formerly a research analyst with Morgan Guaranty Trust and a vice president of Fiduciary Trust Company of New York.From Booklist:
We usually don't want to hear economists talk about deflation because it reminds us of what happened during the Depression, when prices and wages went into a downward spiral and jobs evaporated. But there is another type of deflation that economists rarely talk about, and that is when the quality of goods rises, yet prices remain stable--in other words, you get more for your money. This is an effect that has been unique to digital technologies, and these "cheaper, better, faster" products are what drove the so-called New Economy of the late 1990s. Tanaka has studied these trends and developed the theory of digital deflation, a phenomenon that he says the government has failed to account for in its economic data. Tanaka believes that digital deflation will allow the prosperity of the 1990s to continue, as digital technology pervades every aspect of our lives to increase both standards of living and job productivity at a low cost. This optimistic vision of the decade ahead includes some enlightening interviews with tech giants, such as Michael Dell and Gordon Moore. David Siegfried
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Book Description McGraw-Hill, 2003. Hardcover. Condition: New. Never used!. Seller Inventory # P110071376178
Book Description Condition: New. NEW. Seller Inventory # WOLF 20
Book Description McGraw-Hill, 2003. Hardcover. Condition: New. 1. Seller Inventory # DADAX0071376178
Book Description McGraw-Hill. Hardcover. Condition: New. 0071376178 New Condition. Seller Inventory # NEW7.3064620
Book Description McGraw-Hill, 2003. Condition: New. book. Seller Inventory # M0071376178