by David Catron -
The Secretary of Labor, Hilda Solis, visited Capitol Hill last week and claimed that the unemployment rate will increase if Congress fails to extend the eligibility period for federal unemployment benefits. My first reaction to this Orwellian assertion was a quiet chuckle. Then it dawned on me that most Democrats will believe this nonsense. These are, after all, people who believed that health care would be made cheaper by a law that increases demand for medical services while reducing the supply of health care providers. Most would agree with the claim, made by journalist-cum-cheerleader Jonathan Alter, that Obama’s economic stimulus package “prevented another Great Depression.” I realized, in other words, that ignorance about economics is so pervasive among Democrats that it is less funny than dangerous.
That Democrats are generally illiterate about basic economics is not a matter of mere conjecture. In 2010, Daniel B. Klein and Zeljka Buturovic analyzed answers provided by a random sample of 4,835 Americans to a list of eight questions about economics. The results, which noted the party affiliation of the respondents, were not flattering to our friends on the left. [Read more...]