Source: The Daily Economy
by Peter C Earle
“Kevin Hassett’s recent call to ‘discipline’ Federal Reserve researchers over a New York Fed study on tariffs is not just a political swipe. It is a troubling signal about the growing willingness of policymakers to delegitimize economic analysis they find inconvenient or unsupportive. Disagreement with research is a normal, healthy part of scientific inquiry. But attempts to intimidate researchers because their findings conflict with a preferred narrative undermine the credibility of policymaking itself. At a moment when trade policy is already generating uncertainty across markets, this kind of rhetoric risks turning economic debate into a loyalty test rather than an evidence-based process.” (02/23/26)
https://thedailyeconomy.org/article/tariffs-and-the-new-economic-lysenkoism/