12 January, 2008

Dr. Phil for President

"You know, the economists can argue about it," Clinton said of whether the country is headed for a recession. “But the statistics are one thing, the stories are something altogether different." Clinton said later: "It doesn't matter what you're told. It's what you feel, what you feel deep down."

From WashPost.

That's an interesting approach to policy analysis. I wonder if it also matters how strongly you feel something. Perhaps if I feel it strongly enough, it will be true. I REALLY feel (deep down) Hillary shouldn't be president!

Update: Don Boudreaux feels my pain!

1 comment:

MCC said...

This reminds me of another bit of Alan Greenspan's book. Evidently it was a Reagan '80 stump speech line:

"A recession is when your neighbor loses his job. A depression is when you lose yours. And it's a recovery when Jimmy Carter loses his!"