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Thursday, May 15, 2008

Those Pollyanna creeps are ruining the economy

This article says the economy may be worse than we think, thanks to a culmination of adjustments made over the last few decades to the way we measure various economic indicators.

"Pollyanna creep" is the term applied to the cumulative effect.

(To be consistent with the intellectual tone of the article to which I have linked, I used a lot of big words in this post to make it seem scholarly.)

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