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Op-Ed Columnist: The Big Test
Op-Ed Columnist: The Big Test
The Obama administration sees this economic crisis as an opportunity to expand its reach, but I fear that in trying to do everything at once, it will do nothing well. >
Op-Ed Contributors: When Will the Recession Be Over?
Op-Ed Contributors: When Will the Recession Be Over?
nytimes.com — The fall in the U.S. gross domestic product suggests that the recession may be deeper than anticipated.... Experts weigh in on how long the weakness in the economy will last. > (more) Op-Ed Contributors: When Will the Recession Be Over?
Op-Ed Contributor - The L Curve
nytimes.com — LAST year, the debate over how long the recession will last was between those in the consensus... who argued that it would be V-shaped — only about eight months long like those in 1990 to 1991 and in 2001 — and those like me who argued that it would last ... (more) Op-Ed Contributor - The L Curve
Op-Ed Columnist: Revenge of the Glut
Op-Ed Columnist: Revenge of the Glut
nytimes.com — The international economic crisis is the revenge of the global saving glut. And the glut is still... out there, worse than ever. > (more) Op-Ed Columnist: Revenge of the Glut
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Epistemological Modesty
Greg Mankiw's BlogDavid Brooks has a great column today.

David Brooks is Delusional
Paul Kedrosky's Infectious Greed — ... experts are capable of quickly designing and executing top-down transformational change. If they mostly fail, then liberalism will suffer a grievous blow, and conservatives will be called upon to restore order and sanity. [Emphasis mine] Conservatives may quickly find their way back into power, but the suggestion that they have recently represented probity and "epistemological skepticism" strikes me as more than a little mad. More here. ...

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