Wednesday, February 25, 2009
Inflationary Use of the Word "Crisis?"
Check out the recent Freakonomics blog about President Obama's State of the Union Address.
Obama used the word “crisis” 11 times — more than twice as much as any other president. Hoover used it only four times in 1932 during the Great Depression.
Is the economy worse now? Or is there an inflationary use of the word "crisis" so that the word needs to be used more because the value (impact) of the word has diminished? Sort of like the reduction in the purchasing power of a dollar.
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