Lying liars who lie and knowingly and deliberately say whatever—whatever—lies they believe are to their immediate advantage are not the kind of people who should chair the Federal Reserve. ShareTime to fire up the WayBack machine and run the videotape. Why economists shake their heads and sigh when Kevin Hassett's name is brought up, and talk about how great a waste of it all it is.
Why economists shake their heads and sigh when Kevin Hassett's name is brought up, and talk about how great a waste of it all it is. Share Brad DeLong's Grasping RealityBack before 2000, Kevin Hassett and James Glassman spent their days telling lies. Back then, they spent their days telling lies about what bog-standard present-value finance calculations said was then the "fundamental" value of the stock market.
Back then, they spent their days telling lies about what bog-standard present-value finance calculations said was then the "fundamental" value of the stock market.