Saturday, December 03, 2005

Unintended comedy, economic news reporting division :: Althouse

So it's bad news that the market worked? That decrease in US gas supplies following Katrina drove up prices that created the incentives for producers to work to restore supplies quickly? And that the market was allowed to work because the threats to cap prices were not carried out?

Yes, New York Times, your economics reporting is shabby, indeed.

By the way, Kaus is right: "Easterbrook's Bad News rule indicates that they'd have written exactly the same piece if a Democrat were in the White House."

In other words, Dox Cox is correct: Economics is rarely a drama.

Those who write it as drama produce unintended comedy instead.


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