Tuesday, November 04, 2003

Krugman's Sloppy Research

Krugman's Sloppy Research

Since the New York Times' Paul Krugman transformed himself from an economic commentator into political pundit, he has been notoriously inaccurate in his news research. He has done so again, lifting a discredited quotation from the Seattle Post-Intelligenser. He was so lazy that he didn't even trouble himself to learn the name of the misquoted Republican ( Some Americans may share the views of the Republican congressman who said that progress in Iraq was "a better and more important story than losing a couple of soldiers every day." (Support the troops!)." Paul, his name is George Nethercutt.
I hope Mr. Krugman collects economic data more accurately.
Anyway, Krugman cites "Stein's Law," which states, "Things that can't go on forever, don't."
He's referring to the 7.2% growth last quarter that has overturned his gloom and doom forecasts of the last couple of years.
Funny, why didn't he remember Stein's Law during the tech stock bubble of the late 1990's?

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