, 6 tweets, 3 min read Read on Twitter
Give Trump credit for consistency: his "the worst and the dumbest" strategy of choosing personnel hasn't varied a bit, and now he's trying to bring it to the World Bank 1/ nytimes.com/2019/02/04/bus…
I've had a few things to say about Malpass in the past; I'd actually forgotten the metaphor I used here, which I kind of like 2/ krugman.blogs.nytimes.com/2011/08/06/pra…
But it's not just me. Barry Ritholtz ran through the record quite a while back 3/ seekingalpha.com/article/67548-…
My favorite of all these was Malpass insisting in 2005 that U.S. household savings were actually pretty high, and everything OK, bc of rising home values. In case you've forgotten, here's what happened to real housing prices 4/
And of course he signed the 2010 letter warning that Bernanke's efforts to rescue the economy would lead to high inflation 5/ economics21.org/html/open-lett…
Imagine what appointing Malpass would do to intellectual quality and morale at the World Bank. But I don't know whether other countries will stand up to Trump on this 6/
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