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Cool graphic from Saturday’s WSJ.
"Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised."

— John Kenneth Galbraith

I wish I could have been in this room.
Monitoring the so-called recovery. Via Greg Mankiw’s blog.
"An expert doesn’t so much argue the various sides of an issue as plant his flag firmly on one side. That’s because an expert whose argument reeks of restraint or nuance often doesn’t get much attention. An expert must be bold if he hopes to alchemize his homespun theory into conventional wisdom."

— Steven Levitt, Freakonomics