Catherine Rampell

How did you get a PhD in economics and never learn about this thing called deadweight loss? It's like when the price goes up. Yeah, somebody's going to absorb the price, but also the quantity of stuff sold goes down, and that's basically going to hurt everybody. That's going to hurt the sellers, whether it's a foreign manufacturer or whatever, foreign supplier.

It's going to hurt the retailers, the wholesalers, and it's going to hurt the consumers. So it's just like he knows better. The people who annoy me most in this administration are less the people who are just like... Complete ignoramuses and liars and, like, just don't even bother learning the truth. And more so the people who really know better.

It's going to hurt the retailers, the wholesalers, and it's going to hurt the consumers. So it's just like he knows better. The people who annoy me most in this administration are less the people who are just like... Complete ignoramuses and liars and, like, just don't even bother learning the truth. And more so the people who really know better.

It's going to hurt the retailers, the wholesalers, and it's going to hurt the consumers. So it's just like he knows better. The people who annoy me most in this administration are less the people who are just like... Complete ignoramuses and liars and, like, just don't even bother learning the truth. And more so the people who really know better.

They don't even need a PhD to know the answer to this question. They needed to have taken what you took. You said you took, like, introductory macro or whatever. Like, this is not hard to understand. Besant, Hassett, people like that, I just... They are the worst enablers, I think, because... Trump, I'm sure, surrounds himself with people who tell him what he wants to hear, and that's bad enough.

They don't even need a PhD to know the answer to this question. They needed to have taken what you took. You said you took, like, introductory macro or whatever. Like, this is not hard to understand. Besant, Hassett, people like that, I just... They are the worst enablers, I think, because... Trump, I'm sure, surrounds himself with people who tell him what he wants to hear, and that's bad enough.

They don't even need a PhD to know the answer to this question. They needed to have taken what you took. You said you took, like, introductory macro or whatever. Like, this is not hard to understand. Besant, Hassett, people like that, I just... They are the worst enablers, I think, because... Trump, I'm sure, surrounds himself with people who tell him what he wants to hear, and that's bad enough.

But then some of these people seem like they have some credibility because they're a PhD economist or because they were a Wall Street titan that markets trust. And when they go on TV and lie about the economics here, I think that is so much more destructive than because it encourages Trump to keep on doing the stupid, stupid, stupid thing.

But then some of these people seem like they have some credibility because they're a PhD economist or because they were a Wall Street titan that markets trust. And when they go on TV and lie about the economics here, I think that is so much more destructive than because it encourages Trump to keep on doing the stupid, stupid, stupid thing.

But then some of these people seem like they have some credibility because they're a PhD economist or because they were a Wall Street titan that markets trust. And when they go on TV and lie about the economics here, I think that is so much more destructive than because it encourages Trump to keep on doing the stupid, stupid, stupid thing.

And it hurts any credibility they might ultimately have with markets who can see through this clearly. And as things get worse, we will need someone to go on TV and present a credible plan, I hope, for how to get ourselves out of this. And there's just no one left to trust.

And it hurts any credibility they might ultimately have with markets who can see through this clearly. And as things get worse, we will need someone to go on TV and present a credible plan, I hope, for how to get ourselves out of this. And there's just no one left to trust.

And it hurts any credibility they might ultimately have with markets who can see through this clearly. And as things get worse, we will need someone to go on TV and present a credible plan, I hope, for how to get ourselves out of this. And there's just no one left to trust.

Yes. So the word Orwellian gets overused a lot. Everybody and their grandmother has been called Orwellian at some point. But there's this famous line in 1984 that actually George Orwell had used versions of elsewhere as well, where he said something like it would get to the point where if the party said two plus two equals five, you would just have to believe it was so. And that is...

Yes. So the word Orwellian gets overused a lot. Everybody and their grandmother has been called Orwellian at some point. But there's this famous line in 1984 that actually George Orwell had used versions of elsewhere as well, where he said something like it would get to the point where if the party said two plus two equals five, you would just have to believe it was so. And that is...

Yes. So the word Orwellian gets overused a lot. Everybody and their grandmother has been called Orwellian at some point. But there's this famous line in 1984 that actually George Orwell had used versions of elsewhere as well, where he said something like it would get to the point where if the party said two plus two equals five, you would just have to believe it was so. And that is...

quite close, if not exactly what Senate Republicans just did. Historically, what has happened is they get to say, okay, our bill can lose this much money because it's always losing money, at least when we're talking about tax cuts. Our bill can lose X amount of money and

quite close, if not exactly what Senate Republicans just did. Historically, what has happened is they get to say, okay, our bill can lose this much money because it's always losing money, at least when we're talking about tax cuts. Our bill can lose X amount of money and

quite close, if not exactly what Senate Republicans just did. Historically, what has happened is they get to say, okay, our bill can lose this much money because it's always losing money, at least when we're talking about tax cuts. Our bill can lose X amount of money and

And then the Congressional Budget Office and the Joint Committee on Taxation, these sort of neutral referees get to say, okay, does it actually meet that or not? And then there's this person called the Senate Parliamentarian. It's like all of these trappings of... Whatever Senate procedure Senate parliamentarian gets to say your number equals their number or it doesn't.