Re: The Truly Abominable Kevin Hassett: Steve Durlauf Does the Work of the LORD: LIFE IN THE 2000s

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How a bad book, a bogus formula, and a hunger for favor led Kevin Hassett to discover that he could lie his way up the ladder as a career, and it would pay. Republican politicians and journalists call it “economic advising”. But that really is the wrong phrase, isn’t it?Going over to X-Twitter is, from one perspective, always a bad idea. It always darkens my day by what it leads me to focus on. But at least I can give Steve Durlauf a little bit of assistance as he does the Work of the LORD.And the LORD Has a Lot of Work. ShareWe have:Maria Bartiromo: ‘Consumer sentiment is a record low. What's the most important messaging you can put out there to help sentiment?Kevin Hassett: ‘They call it “consumer sentiment'“ but I don't think those words mean what they think they mean anymore. The correlation between what independents and Democrats say is almost perfectly correlated. So they've devised a political survey that tells us how Democrats are feeling about things… <https://twitter.com/atrupar/status/2059247974606074346>Give a gift subscriptionSteve Durlauf, doing the Work of the LORD:Steve Durlauf: <https://twitter.com/sndurlauf/status/2059269369578885541>: ‘The University of Michigan Consumer Sentiment Index was started in 1946 by George Katona. It is a standard source of information on the state of the economy and the product of decades of scholarly effort. Kevin Hassett's statement "they've devised a political survey that tells us how Democrats are feeling about things" is one more lie from someone who long ago forfeited any claim to be an economist. "For Wales? Why, Richard…