Saturday, February 7

The blogosphere never forgets

Last but perhaps not least among causes of the consumer funk is the administration’s own determined pessimism. Mr. Bush has a bully pulpit, and he is using it to preach economic alarm. This adds powerfully to the chorus of doomsaying. And when it comes to short-term economics, believing can sometimes make it so.

Paul Krugman February 21, 2001
(ht Paul Zrimsek, Will Wilkinson)

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