Friday, May 14, 2004
A non-correction correction: Last Friday the government announced that 288,000 new jobs had been created in April. That followed the creation of more than 300,000 new jobs in March.
If you're the New York Times' resident economist columnist, you might want to analyze this trend. Instead, Paul Krugman spends his first opportunity on the Abu Ghraib prison scandal, and his second (today) hiding a correction for his May 7 column.
Krugman claimed that we've found all of the oil we're ever going to find on planet Earth, so we better get a move-on to
Krugman hot-air wind power.
As Don Luskin pointed out, Krugman's claims weren't exactly...accurate.
So, what do we see in today's column? A non-correction correction.
Increasing production capacity takes even longer than replacing old cars. Also, major new discoveries of oil have become increasingly rare (although in my last column on the subject, I forgot about two large fields in Kazakhstan, one discovered in 1979, the second in 2000).
Just slipped his mind, you see. No correction needed here, because he knew about those oil fields, he just forgot to mention it because those pesky facts got in the way of his argument.
On a related note: Check out Luskin's post on this subject. He notes that editorial page editor Gail Collins had promised to make sure columnists placed their corrections at the end of their column and acknowledging it as such.