Jeremy Siegel, PhD in Economics

Adam Smith's ideas, which laid the foundation for a career in economics, is mocked at by people like Jeremy Siegel.
See this post of his which appeared a couple of days ago
What a joke-He is observing two things at random (party in power and stock market returns), and is trying to give a causality argument when even a correlation can be called completely accidental.
This man is an astrologer. Do they have a PhD in Astrology somewhere still?

Sanjay