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Megan McArdle:
I took some flak on liberal blogs for pointing out that Paul Krugman has been the voice of doom on the economy for nigh on a decade. But there was good reason to think that there might be a recession, my critics cried.
Here’s the problem. What’s the one time that Paul Krugman didn’t forecast a recession? That would be when we actually had a recession. It just wasn’t a recession that could be blamed on George Bush.
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