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January 11, 2006



Signore Cammar,We at the Federal Reserve Open Market Committee are very interested in your melthdooogy for measuring Materialism across diverse populations.Is your determination based on an econometric index of some kind? Are there any manifest objective data parameters, which, if properly combined, give a reproducible assessment of the materialism variable? Alternatively, do you use subjective data collected through longitudinul studies (i.e. surveys, for example) and relying on accepted polling techniques? If so, have you found dimensions in the parmater space which correlate with materialism as a cultural value? And what are the threshold levels for the determination, and would there be any cross-cultural controls required for bias elimination, adjustment, or reduction, to account, for example, for political, social, historical, or linguistic differences? In more than one hundred years since our national institution, the Federal Reserve, was formed, we have sought to develop a measure that would allow us to assess the relative success of our efforts, which are oriented to create favorable environments, both nationally and internationally, for the adoption and spread of materialistic values and behaviors. So far our efforts to develop accurate predictors have failed - hence we are fascinated with your results. Sincererly, Benjamin Bernanke, Phd.Chairman, FOMCWashington, DC


Oh, I have a $350 digital carema too, but that's not the very first thing I mention (unsolicited!) to my windsurf instructor. Sorry, maybe it wasn't clear, but you missed the point there...

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