Saturday, August 27, 2005

George Will has a must-read

Will has a really good column here. He makes a great point that the MSM actually subtract from the public's understanding with their silly coverage of oil prices. Of course, that is true of many other topics they cover.

I also loved this little gem:
Over the last 40 years productivity growth has averaged 2.1 percent. Since 2001 it has averaged 3.9 percent. One reason for this surge? A 1998 prediction by Paul Krugman, now a New York Times columnist, was spectacularly wrong: "By 2005 or so, it will become clear that the Internet's impact on the economy has been no greater than the fax machine's."

Krugman is so popular with left-wing wack jobs precisely because he is always spectacularly wrong. The left has an extraordinary record of being wrong. It is a prerequisite to left-wing "success".


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