“If it’s true that a man can be judged by the company he keeps, what are we to make of the appointment of former Sen. Phil Gramm as economic advisor to the presidential campaign of Ted Cruz?

“The short answer is that they’re cut very much from the same economic cloth, which makes sense if one is advising the other. Here’s a longer answer.

“Cruz made the appointment Friday, when he collected Gramm’s endorsement of his quest for the presidency.”

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Read the full LA Times article by Michael Hiltzik here.