Making us dumber, chanting “Dude, where’s my recession?”
Summary: The Internet can make us smarter — or dumber. Google “Dude, where’s my recession” for a splendid example. Thousands of hits for what might be the dumbest tagline of 2008. This post discusses why accurate economic forecasting is so difficult, what we know about current conditions, and recent warnings from one of our top economists. A …
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