Will the economy decline in 2008?

By Megan McArdle

Paul Krugman is voting for doom. It's worth keeping in mind, however, that Paul Krugman has predicted eight of the last none recessions under the Bush administration.

I think it's obvious we're in a slowdown, and a recession seems likely-ish, but Britain's skirted recession for over a decade now, so I can't be too fatalistic.

This article available online at:

http://www.theatlantic.com/business/archive/2008/01/will-the-economy-decline-in-2008/2531/