The Post-Hoc Fallacy of the Fed's Intervention in the American Economy

Jon Huntsman: I'm candidly pretty surprised, Jonah, and how many of these guys are brighter than others. He says there's a sort of post hoc fallacy going on where they'll say globalization failed to deliver; fusionism failed to deliver. And 3.1% real GDP growth doesn't - that's where the new right gets their momentum he says. Huntsman: Is it possible that you just got your post hoc wrong? That the causation is a different, your timeline might be about right, but your causation is wrong?"