Idiocracy Realized With the FTX Scandal

A lot of people find excuses for not listening to Tucker Carlson. Those who identity themselves as Democrats reflexively dismiss his commentary because they have long identified him as the foremost spokesman of the other political tribe, which they regard with enmity and contempt. Others with no partisan affiliation regard Mr. Carlson as too given to sarcasm and withering in his attacks on Democrats. I don’t identity with either political party, so I can evaluate Mr. Carlson’s commentary purely on its factual merits. I don’t regularly watch his show, but I occasionally receive links to one of his segments from a friend or family member. Several times I have fact-checked his reporting, and very rarely have I found a mistake. His reporting on the FTX scandal is the most extraordinary thing I have ever seen or read about in my forty years of studying history. The true story he tells strikes me as the highest summit of absurdity ever reached.”

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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