It was recently revealed that lefty economist Robert Reich is not – gasp – an economist. It turns out he’s just a left-wing lawyer.
The joke is on those who think Reich’s lack of a PhD is the source of what some deem ignorance. In truth, some of the most economically ignorant individuals on earth have economics PhDs. If you doubt the previous claim, think of just one (of many) horrifyingly wrong, but near-monolithic beliefs held by economists: that WWII ended the Great Depression.
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