Op-Ed Columnist: Promises, Promises:
What you see in this chart is the signature of a corrupted policy process, in which political propaganda takes the place of professional analysis.
When the facts change, I change my mind,” [John Maynard] Keynes is said to have quipped: when conditions change, it makes sense to change your strategy. I don’t see any evidence of that in the graph though there has been some tempering of expectations.