When it comes to basic economics, self-identified Liberals/Democrats show they’re not too bright

From Daniel Klein at the Wall Street Journal:

Are You Smarter Than a Fifth Grader?
Self-identified liberals and Democrats do badly on questions of basic economics.

Who is better informed about the policy choices facing the country—liberals, conservatives or libertarians? 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.

[…]

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.

Color me not surprised. These are the same people who think global warming is as big of a threat to America as Islamic terrorism, after all.

Make sure to click the link above to read about what questions the respondents were asked.

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One Response to When it comes to basic economics, self-identified Liberals/Democrats show they’re not too bright

  1. DCG says:

    I’m shocked – not. Proggies believe the answer to all is more regulation and govt interference. I work w/some proggies who think we’d be better off in a UNION (small, professional engineering firm). Silly fools…

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