Nice example of what Bos called a "Marshall McLuhan moment" ("You know nothing of my work," said the Canadian sage, appearing out of nowhere in the ticket line):
How do you do policy right? You do the work like @BharatRamamurti and his staff. That he's more prepared to correctly interpret complicated research than the witness is stunning. https://t.co/aGAACGODfm— Betsey Stevenson (@BetseyStevenson) September 17, 2020
Fairly clear what happened here: Chris Edwards of the Cato Institute (where he edits Downsizing Government) is testifying before the Congressional Oversight Commission, a new body set up in April to monitor the workings of the CARES act, of which Bharat Ramamurti, just off his service as one of the top economic aides to Elizabeth Warren's presidential campaign is the only so far appointed commissioner, and he is explaining that according to this extremely authoritative paper by Valerie Ramey, government spending does not grow the economy very much, and Ramamurti says well, how about this spot in the paper where it says it does, and Edwards says, approximately, "Homina homina homina—uncertainty!—homina homina," and Ramumurti, says, approximately, "Because I called her up the other night and she said, yeah, that's exactly what she meant."
But that's not how the economics frat boys saw it: they saw Ramamurti as having sprung some kind of dishonorable trap on the witness: