Reprinted in full from Paul Krugman...
We are all dead
President Bush, this morning:
In the long run, the American people can have confidence that our economy will bounce back.
But this long run is a misleading guide to current affairs. In the long run we are all dead. Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.
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