Progressives fail basic economics

Daniel Klein says liberals and progressives do poorly questions of basic economics

How did the six ideological groups do overall? Here they are, best to worst, with an average number of incorrect responses from 0 to 8: Very conservative, 1.30; Libertarian, 1.38; Conservative, 1.67; Moderate, 3.67; Liberal, 4.69; Progressive/very liberal, 5.26.

Americans in the first three categories do reasonably well. But the left has trouble squaring economic thinking with their political psychology, morals and aesthetics.

Read the whole thing. Liberals and Progressives consistently get more questions of basic economics wrong. These aren’t political questions, but questions of basic economics that virtually all economists, left or right, agree on.

No wonder the economy is such a disaster.

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