This is why I don’t listen to PhD economists

Take a close look at the graph in this tweet.


See the end there?   After a short period where the Labor Force Participation Rate was increasing, it started downward again.  But the PhD economist who put together this graph couldn’t be bothered with taking the time to see what the most recent trend actually was.

Never listen to anyone with a PhD.  Especially if their degree is in economics.


Categories: Economic Illiteracy, Economics, Hmm, Liars, Morons with PhDs, Oops, so close!, Stupid People, The Fed

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