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talkpolitics"According to a Zogby International survey that I write about in the May issue of Econ Journal Watch, the answer is unequivocal: The left flunks Econ 101.
Zogby researcher Zeljka Buturovic and I considered the 4,835 respondents' (all American adults) answers to eight survey questions about basic economics. We also asked the respondents about their political leanings: progressive/very liberal; liberal; moderate; conservative; very conservative; and libertarian.
In this case, percentage of conservatives answering incorrectly was 22.3%, very conservatives 17.6% and libertarians 15.7%. But the percentage of progressive/very liberals answering incorrectly was 67.6% and liberals 60.1%. The pattern was not an anomaly.
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."
http://online.wsj.com/article/SB10001424052748703561604575282190930932412.html?mod=WSJ_Opinion_LEADTop
Just goes to show that the further Left you are....the less you know about Economics.....and that Leftist fantasies about economics are just that: Fantasies....Notice how most of the people with Left-wing views have worthless degrees in the Humanities....whereas people who major in Business or Finance and then go out into the real world trend conservative......When will they learn? Socialism FAILS and thats why Obama is leading us down the Road to Serfdom....
But then again for those us in the Reality-Based Community ie. Conservatives and Libertarians,this is what we've been telling you all along......
The Free Market....AW HELL YEAH!!!..Eat it, Lefties!!!
Zogby researcher Zeljka Buturovic and I considered the 4,835 respondents' (all American adults) answers to eight survey questions about basic economics. We also asked the respondents about their political leanings: progressive/very liberal; liberal; moderate; conservative; very conservative; and libertarian.
In this case, percentage of conservatives answering incorrectly was 22.3%, very conservatives 17.6% and libertarians 15.7%. But the percentage of progressive/very liberals answering incorrectly was 67.6% and liberals 60.1%. The pattern was not an anomaly.
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."
http://online.wsj.com/article/SB10001424052748703561604575282190930932412.html?mod=WSJ_Opinion_LEADTop
Just goes to show that the further Left you are....the less you know about Economics.....and that Leftist fantasies about economics are just that: Fantasies....Notice how most of the people with Left-wing views have worthless degrees in the Humanities....whereas people who major in Business or Finance and then go out into the real world trend conservative......When will they learn? Socialism FAILS and thats why Obama is leading us down the Road to Serfdom....
But then again for those us in the Reality-Based Community ie. Conservatives and Libertarians,this is what we've been telling you all along......
The Free Market....AW HELL YEAH!!!..Eat it, Lefties!!!
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Date: 24/6/10 02:16 (UTC)(no subject)
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Date: 24/6/10 02:14 (UTC)(no subject)
Date: 24/6/10 20:18 (UTC)maybe the end is nigh
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Date: 24/6/10 02:17 (UTC)AT LEAST I GOT A J.D.! DOES THAT MEET WITH YOUR APPROVAL?
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Date: 24/6/10 02:18 (UTC)(no subject)
Date: 24/6/10 02:22 (UTC)How is that anything but an opinion? And that's just an example, all of the questions are ideological. If you took actual economists you would find a similar result as the general public.
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Date: 24/6/10 02:19 (UTC)*sobs*
The Questions
Date: 24/6/10 02:25 (UTC)2. Overall, the standard of living is higher today than it was 30 years ago.
3. Rent control leads to housing shortages.
4. A company with the largest market share is a monopoly.
5. Third World workers working for American companies overseas are being exploited.
6. Free trade leads to unemployment.
7. Minimum wage laws raise unemployment.
8. Restrictions on housing development make housing less affordable.
Re: The Questions
Date: 24/6/10 05:01 (UTC)(no subject)
Date: 24/6/10 02:27 (UTC)Reagan was the greatest president ever (unenlightened answer: disagree)
Government fucks everything up (unenlightened answer: disagree)
Liberals are dumb asses (unenlightened answer: disagree)
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Date: 24/6/10 03:03 (UTC)We should "Leave BP alone!" (unenlightened answer: disagree)
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Date: 24/6/10 02:28 (UTC)So a politically biased subjective poll gauges "informed" with being aligned with it's views?? Oh yeah...this is "meaningful"
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Date: 24/6/10 02:51 (UTC)For the rest
1) licensing creates shortages, shortages raises prices no ambiguity or opinion present. Now one can argue that the licensing is important enough to be worth that added cost, but that is a completely separate issue.
2) You'd have to be an idiot not to agree that in general the US and Global standard of living has drastically improved since 1980. Sure there may be local declines but in general we are all richer than we were 20 years ago. Again, not really anything to dispute.
3) This has been so thoroughly proven arguing against it is paramount to arguing in favor of a flat earth, again, one can argue that it is worth the price to ensure affordable living spaces for the poorest members of society but that does not change the fact that shortages will exist.
4) You'd have to be completely ignorant to agree with this, especially since the technical definition of a monopoly is a market controlled by a single company. Saying 'Largest' admits that there are other competing companies, so how can it be a monopoly. That said, even taking the every day colloquial definition of a monopoly it is a classical logical fallacy to say that the largest company in a market is a monopoly in the same way it is a fallacy to claim that all mammals are cats because all cats are mammals.
6) Ok, this one can be a bit confusing because it is unclear if they are referring to actual free trade, or managed trade that is marketed as free trade agreements (aka NAFTA, CAFTA, etc.) That said, if you interpret it at intended with real free trade (that is trade with no legal restrictions or tarrifs) there is no dispute among economists, trade always enriches both parties even at the national level and in the end a richer nation leads to more jobs.
7) Is there an economist alive who denies this? Sure again one can argue that there are legitimate social reasons for having the minimum wage but that in no way invalidates the fact that having them always increases unemployment (well except in the rare circumstance that 99.9% of jobs already pay more than the mandated minimum, in which case the minimum is rather pointless)
Remember, these questions are not about your opinion, they are about established economic facts that really aren't in any form of dispute among economists regardless of their political affiliation.
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Date: 24/6/10 02:34 (UTC)(no subject)
Date: 24/6/10 22:22 (UTC)(no subject)
Date: 24/6/10 02:52 (UTC)By the way I am assuming this is one of your dumb ass online polls an therefor even less interesting.
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Date: 24/6/10 03:16 (UTC)(no subject)
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Date: 24/6/10 05:08 (UTC)Blah blah boringcakes. Do you really have the time and energy to keep flogging this tiresome bullshit? Call 1-800-GET-LIFE today!
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Date: 24/6/10 05:39 (UTC)(no subject)
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Date: 24/6/10 07:47 (UTC)No, I don't notice, actually. maybe you have some hard figures to back this, or maybe it is just opinion masquerading as fact.
When will they learn? Socialism FAILS and thats why Obama is leading us down the Road to Serfdom....
There is also a disconnect here. You speak as if Obama was a socialist himself. As a socialist , I doubt his socialist credentials. just because he has insisted that more people qualify for PRIVATEE health insurance, and stated that private firms ought to take them on , this puts him nowhere near European standaards where people have mandatory STATE health insurance.
Maybe folks who identify as ' leftist' Stateside arre not really that clued up. Did that ever occur to you?
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Date: 24/6/10 08:47 (UTC)(no subject)
Date: 24/6/10 09:24 (UTC)(no subject)
Date: 24/6/10 10:54 (UTC)(no subject)
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Date: 24/6/10 10:07 (UTC)(no subject)
Date: 24/6/10 14:59 (UTC)(no subject)
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Date: 24/6/10 12:03 (UTC)(no subject)
Date: 24/6/10 12:17 (UTC)(no subject)
Date: 24/6/10 15:32 (UTC)And at least some of them would read it as opposed to pornstache.
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Date: 24/6/10 14:41 (UTC)(no subject)
Date: 24/6/10 15:16 (UTC)So in lieu of anything more inflammatory I will simply say this:
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Date: 24/6/10 15:28 (UTC)(no subject)
Date: 24/6/10 17:22 (UTC)(no subject)
Date: 24/6/10 16:06 (UTC)Guess it's all just part of the Matrix.
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Date: 24/6/10 17:36 (UTC)The only mystery here is why the Wall Street Journal would publish this. While their audience is right-leaning, they aren't idiots.
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Date: 24/6/10 20:17 (UTC)not a single response to any comment here
he's a fucking troll; ban his stupid ass
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Date: 24/6/10 20:23 (UTC)(no subject)
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Date: 24/6/10 20:33 (UTC)Most of the others have obvious intent as comedy/parody
Some of them just deal with IRL nonsense
Steve does not provide anything other than BS posts that he refuses to actually DISCUSS with anyone