Wednesday, June 9, 2010

Liberals/Democrats do Worse on Basic Economic Questions Then Conservatives/Libertarians/Republicans

Maybe this explains why Liberals and the Democrats see nothing wrong with their policies, they just lack the basic economic understanding of what the impact will be. I am being tong and cheek here. The real reason likely has more to do with the cost benefit analysis they do; though this survey shows that they might not fully understand the harm they are trying to balance the good against.

"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.
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.
on every question the left did much worse.
The survey also asked about party affiliation. Those responding Democratic averaged 4.59 incorrect answers. Republicans averaged 1.61 incorrect, and Libertarians 1.26 incorrect.

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