- Jan 31, 2009
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http://online.wsj.com/article/SB10001424052748703561604575282190930932412.html
A surprisingly high percentage of self-identified liberals and democrats fail at basic economics questions. I'm starting to think that the mind of a liberal works like this: "I want it to be true, so it must be true. It feels good for it to be true, so it is."
Consider one of the economic propositions in the December 2008 poll: "Restrictions on housing development make housing less affordable." People were asked if they: 1) strongly agree; 2) somewhat agree; 3) somewhat disagree; 4) strongly disagree; 5) are not sure.
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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.
A surprisingly high percentage of self-identified liberals and democrats fail at basic economics questions. I'm starting to think that the mind of a liberal works like this: "I want it to be true, so it must be true. It feels good for it to be true, so it is."