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Economy
The Further Left You Are the Less You Know About Economics:
2010-05-08
Some of the results in this new article by Zeljka Buturovic and Dan Klein in Econ Journal Watch (a peer-reviewed journal of economics) are startling:

  • 67% of self-described Progressives believe that restrictions on housing development (i.e., regulations that reduce the supply of housing) do not make housing less affordable.

  • 51% believe that mandatory licensing of professionals (i.e., reducing the supply of professionals) doesn't increase the cost of professional services.

  • Perhaps most amazing, 79% of self-described Progressive believe that rent control (i.e., price controls) does not lead to housing shortages.
    • Posted by:Beavis

    #5  Does The Fed understand that a Credit FreeForAll creates price rises in housing (Ricardo) and this is not good for the economy?

    They didn't seem to.
    Posted by: Bright Pebbles   2010-05-08 23:00  

    #4  The Further Left You Are the Less You Know About Economics

    By that logic, Obama should know NOTHNG about economics ... oh, wait ...
    Posted by: DMFD   2010-05-08 17:15  

    #3  Not really a surprise. Most liberals or "progressives" are as far removed from reality as possible. Any attempt to bring them there will result in temper tantrums and cries of "racism!"
    Posted by: DarthVader   2010-05-08 15:51  

    #2  That's all true, except it leaves out the effect of the 7 sisters on gas prices and mullet, have your noticed that gas prices are going to 3 bucks again? It's big oil slowly conditoning us to it. I been watching this shit for years. Trust me.
    Posted by: Shipman   2010-05-08 15:10  

    #1  This can be more generalized: the further left you are the less you know about reality. Or put another way, the less you care about how things are and the more you are fixated on how you wish they were.
    Posted by: Iblis   2010-05-08 10:54  

    00:00