An op-ed piece in the USA Today by economist Bruce Wydick.

Quoted: Our inability to think clearly about sunk costs is impeding our ability to make clear decisions about our involvement in Iraq. Failing to correctly identify sunk costs (those that are irretrievable), and deal with them properly, biases our decision-making in favor of prolonging the war.

I was talking to folks yesterday at lunch about this NPR story. This is a powerful 9 minute piece recounting the last 3 years - the information leading up to Iraq and our stated reasons for being there. It's a powerful piece everyone should listen to.

Quoted: This week marks the third anniversary of the beginning of the war in Iraq. Mike Shuster tracks the events leading up to the U.S.-led invasion. These include Bush administration claims -- since discredited -- of ongoing Iraqi nuclear weapons development and links with al Qaeda.