Former Obama administration economic adviser Betsey Stevenson criticized Republican vice presidential nominee J.D. Vance on Thursday for spreading misinformation about the effects of tariffs on consumer prices. What Happened: Stevenson, who served on 44th U.S. President Barack Obama‘s Council of Economic Advisers and as chief economist at the Department of Labor, took to social media to rebuke Vance’s claims that tariffs on Chinese goods led to lower prices for Americans. “The frustrating point about Vance’s lie is that policymakers need to know the true effects of policy and make decisions ba…
