{"id":2763,"date":"2008-07-22T10:27:22","date_gmt":"2008-07-22T10:27:22","guid":{"rendered":"http:\/\/scienceblogs.com\/principles\/2008\/07\/22\/we-agree-on-the-important-thin\/"},"modified":"2008-07-22T10:27:22","modified_gmt":"2008-07-22T10:27:22","slug":"we-agree-on-the-important-thin","status":"publish","type":"post","link":"http:\/\/chadorzel.com\/principles\/2008\/07\/22\/we-agree-on-the-important-thin\/","title":{"rendered":"We Agree on the Important Things"},"content":{"rendered":"<p>Via <a href=\"http:\/\/www.willwilkinson.net\/flybottle\/2008\/07\/21\/why-isnt-everything-worse\/\">Will Wilkinson<\/a>, James Pethokoukis at US News <a href=\"http:\/\/www.usnews.com\/blogs\/capital-commerce\/2008\/7\/21\/why-isnt-the-economy-worse.html\">considers the state of the economy<\/a>, and draws the same conclusions <a href=\"http:\/\/scienceblogs.com\/principles\/2008\/07\/its_the_stupid_economy.php\">I did<\/a>, for exactly the opposite reasons:<\/p>\n<blockquote>\n<p>My theory is that the amazing resilience of the American economy through this slowdown&#8211;as well as the lack of a bad recession in a generation&#8211;is indirect proof that the 25-year economic expansion that started in 1982 made us far richer as a nation than the economic numbers suggest. I have continually offered that the inflation numbers used by the government have for years <a href=\"http:\/\/www.usnews.com\/blogs\/capital-commerce\/2007\/9\/20\/the-myth-of-stagnant-wages.html\">overstated how much prices have risen<\/a>. Plus, the wage numbers put out by the government are currently being revised to better reflect the shift in jobs from &#8220;old economy&#8221; to &#8220;new economy.&#8221;<\/p>\n<\/blockquote>\n<p>At least we&#8217;re all in agreement: Economics is not science.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Via Will Wilkinson, James Pethokoukis at US News considers the state of the economy, and draws the same conclusions I did, for exactly the opposite reasons: My theory is that the amazing resilience of the American economy through this slowdown&#8211;as well as the lack of a bad recession in a generation&#8211;is indirect proof that the&hellip; <a class=\"more-link\" href=\"http:\/\/chadorzel.com\/principles\/2008\/07\/22\/we-agree-on-the-important-thin\/\">Continue reading <span class=\"screen-reader-text\">We Agree on the Important Things<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"1","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[28],"tags":[],"class_list":["post-2763","post","type-post","status-publish","format-standard","hentry","category-politics","entry"],"_links":{"self":[{"href":"http:\/\/chadorzel.com\/principles\/wp-json\/wp\/v2\/posts\/2763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/chadorzel.com\/principles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/chadorzel.com\/principles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/chadorzel.com\/principles\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"http:\/\/chadorzel.com\/principles\/wp-json\/wp\/v2\/comments?post=2763"}],"version-history":[{"count":0,"href":"http:\/\/chadorzel.com\/principles\/wp-json\/wp\/v2\/posts\/2763\/revisions"}],"wp:attachment":[{"href":"http:\/\/chadorzel.com\/principles\/wp-json\/wp\/v2\/media?parent=2763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/chadorzel.com\/principles\/wp-json\/wp\/v2\/categories?post=2763"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/chadorzel.com\/principles\/wp-json\/wp\/v2\/tags?post=2763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}