New York Times' Adam Davidson Strikes Again, Tells Us to Ignore Downer Jobs Data and Trust the Confidence Fairy
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Hayek as a nonpartisan technocrat immune from a “breathless” media cycle?? How ignorant can this guy be about Hayek and partisanship? He really needs to Google “Hayek” and get a clue. Or maybe he’s paid not to.
I must confess I have a vested interest in debunking Davidson. Given his interest in changing mass psychology, I imagine I’d be included in reprogramming efforts to make sure there is plenty of happy thinking so we all get the prosperity we deserve if we do our duty and spend enough. And you might be too.
Yves Smith is the founder of Naked Capitalism and the author of 'ECONned: How Unenlightened Self Interest Undermined Democracy and Corrupted Capitalism.'