Saturday, November 21, 2009

"New Consensus Sees Stimulus Package as Worthy Step."

How do economists reach consensus? Do they confer and corroborate like climate scientists? Or is the consensus achieved through a newspaper editorial process of strategically collecting quotes and designating the speakers as "dispassionate"? Or is it more a matter of slapping a headline on an article that doesn't make a convincing case for consensus at all?

Or are my questions — they're only questions! — too cynical? Consider the sublime hedge phrase "worthy step." If Barack Obama were the captain of the Titanic, would the New York Times call rearranging the deck chairs a "worthy step"?

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