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Barry Ritholtz

Cruz Seeks Economic Wisdom in the Wrong Place

The candidate turns to a man who helped set the stage for the financial crisis.
Where does he rank?

Where does he rank?

Photographer: Chris Klepnis/Bloomberg

-- former U.S. Senator Phil Gramm, Nov. 16, 2008

The reason I bring up the former senator from Texas is that Gramm has been brought on as a senior economic adviser to Republican presidential candidate Ted Cruz.