The Actual Problem
“The credential fight is a diversion. The real problem is that our political system rewards economic rhetoric and punishes economic honesty. Both of the people currently fighting over who has the better degree have participated in policy decisions that serious economists — on both the right and the left — will tell you were bad on their own terms. Killing the census. Flooding CMHC with subprime-style mortgages. Denying the 2008 crisis until political survival demanded the pivot. Income splitting. The GST cuts. Boutique credits. “Freakonomics” as a pandemic plan. Bitcoin advice. Threatening central bank independence. Leaning on a management professor with a podcast to rewrite the incidence of carbon pricing. Killing consumer carbon pricing for electoral convenience. Selectively quoting GDP statistics at market exchange rates.” ~ article