Debunking 5 recession myths | Chron.com - Houston Chronicle

Debunking 5 recession myths Chron.com - Houston Chronicle:
Jan. 26, 2008, 11:51AM
By KEVIN A. HASSETT
Washington Post
When Scottish historian Thomas Carlyle branded economics the 'dismal science' in 1849, he gave it a name that would stick. (Some theorize that he picked on economists since, like most Scots back then, Carlyle had never visited a dentist.) Fortunately for economists, 1849 was a pretty good year. If Carlyle had seen how economists behave during recessions, he probably would have dubbed their subject something far worse.