We find the intensifying "debate" over whether or not we are in a recession, when we may have entered said recession, or when we may enter same, to be as significant as the ancient question: how many angels can dance on the head of a pin? (Hence our charming title).
Another way of looking at this so-called debate among the congnoscenti -- i.e., the selfsame economists who daily demonstrate the truth of the Peter Principle -- is that it constitutes a very low level and most un-entertaining contemporary form of the ancient Roman institution of the circus. Now the Romans, for those of you versed in the practices of that antique city-empire, may recall that the circus, presented as an all-day spectacle for the Roman masses -- both in the capital and in provincial cities throughout the empire -- constituted a state-subsidized diversion for the common (and not-so-common) folk. This diversion was intended to absorb the energies and emotions of Roman citizenry so that Romans would remain uninvolved in politics, and thus constitute no threat to the imperial order or the reign of the successive emperors.
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