Wednesday, May 26, 2004

We were duped by the State

Today, the New York Times apologised for having been fooled by the Iraq WMD hoax and having propagated misinformation on the subject.

And now, here's a nice response from Jeffrey Tucker on the Mises Economics Blog:

[The Times] admits to having believed lies and not having checked out claims made by special interests. Just imagine what the Times would write if it offered an account and apology for 50 years of statist economic reporting. "We reported that fiscal and monetary [policy] could stabilize the economy; in fact these policies only lead to destabilization. We regret that we believed the self-interested statements of economists who work for the government, and we admit that we failed to seek independent verification of these claims."

[UPDATE:] A comment notes that I should give credit where it's due, and this is true. It is a big step forward for the NYT to take responsibility like this. They could have just blown it off, and they didn't. They investigated the matter, assessed where the problems were and came clean with the readership. That's huge. It's commendable. It's worthy of the Paper Of Record.

Those who want to encourage this sort of responsible reportage should probably offer thanks and congratulations rather than use any admission of weakness as an excuse for cheap partisan sniping. I'll try to do better henceforth.


At 6:11 PM, Anonymous Anonymous said...

Blimey, give the guys credit for taking a step in the right direction.

At 6:21 PM, Blogger Glen said...

Okay, that's a good point.


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