Reply to Mason Gaffney:
Reverie? Heartwarming as it is to think that we are masters of our
fate or the saviors of others, it seems quite unlikely on colder
reflection that historians of economics forgoing the discussion of
the calendar or the AEA abandoning its publication will affect the
depth or the duration of the recession. Life goes on -- as does the
need for its small joys and the pleasures of its minor intellectual pursuits.
Kevin Hoover