Megan McArdle has been wrong quite a bit this past week. Let's take a look:
On Monday, I said it didn't look likely that Russia would try to grab Georgia proper. Well, that idea is looking somewhat less crazy today[.]
Another way to look at the question is: are we going to allow Russia to reassemble the old Russian empire? At its heart, that's what this is about. ...[...]Russia's imperial ambitions are unlikely to stop at the Georgian border. Also, as far as I know, Georgia controls the only major pipeline to Europe not owned by Russia or Iran--Russian control of Georgia would dramatically increase its negotiating power with the entire European Union....But it's been clear for a long time that Russia's goal is to regain its former imperial borders, effectively if not nominally.
It sure sounds to me that Megan said Russia would try to grab Georgia.
After every bubble, there's generally a sort of an anti-bubble--when analysts start looking for reasons that this is, like, the worst crisis ever. The worries about Alt-A mortgages seem to me to be largely part of this fever."Everything in the future will be exactly like everything that just happened" is what got us into this mess in the first place . . .
Goodness, that's horribly wrong too. Read anyone else, they say Alt-A will be a problem.
Megan says one can't get doping out of sports, so you might as well allow it. Not very smart, and almost certainly wrong. Why couldn't you test and eliminate dopers? It's being done now. Eventually people will learn they can't use drugs to enhance performance, although some will still try. It's like saying you can't have traffic rules because people will break them.
That's just the past week or so. Is she ever right? And is that why her posts on student loans and oil conservation are simply quotations by other, more knowledgeable, people? It certainly helps Megan avoid having to read comments telling her how wrong she is.