Mark Copelovitch🧵 RT @[email protected]: "Last year involved the biggest mis-reading of the economy in my lifetime."
What you were told, nonstop, by the national media, about the economy vs what was actually happening were completely at odds with each other. We completely and totally lost the plot. Which was actually evident a full year ago (https://www.intereconomics.eu/contents/year/2022/number/1/article/an-unprecedented-recovery-why-have-we-lost-the-plot.html), but we kept losing it, anyway.
Observer@mcopelov
Isn't that a generalisable point for the USA today: the discourse has become detached from reality? The 4th estate has gone awol. Bias, prejudice and partisanship dominate the media.
Isn't that a generalisable point for the USA today: the discourse has become detached from reality? The 4th estate has gone awol. Bias, prejudice and partisanship dominate the media.
@PoleconD On both the economy and state of the far right authoritarian party/threat to democracy, absolutely.
@mcopelov
Indeed. I was imprecise. Your focusing of the point is what I intended. Worth saying too that it's not the entire 4th estate, just a worryingly large section of it. But this is the kind of thing that happens in a plutocracy.
Indeed. I was imprecise. Your focusing of the point is what I intended. Worth saying too that it's not the entire 4th estate, just a worryingly large section of it. But this is the kind of thing that happens in a plutocracy.
Tahar@mcopelov because the conversation (or panic) was led by folks who somehow are thought of as economic geniuses. Larry Summers & Co
@mcopelov PS: you aren’t posting you Twitter anymore, are you?
@laseptiemewilay Rarely. Maybe if things change but not given the current Melon nonsense.