Economic Illiteracy

The thing that separates libertarians from the rest of the political world is that libertarians have a keen understanding of economics. Talk to any Democrat or Republican, and you will find them to be clueless fucktards on economic issues.

I can tell you that this country will never come around to a pro-freedom direction until the public becomes educated on economics. This does not mean they have to have Ph.D. level knowledge on this shit. But they should have some basic clue that the miniumum wage is not good, trade deficits are not bad, government does not create wealth, and taxation has a way of depressing economic activity that would be beneficial to both prosperity and government revenues.

People have an intuitive grasp of economics because they practice it everyday. Most people know nothing about comparative advantage, but they practice it everyday when they call a plumber to fix their shit instead of doing it themselves.

Correcting widespread economic illiteracy will be difficult, but I don't think we have a choice on the matter. The reality is that many people such as movie stars, rock stars, talk show hosts, or whatnot are very good at calling attention to environmental and social policy concerns they may have. Unfortunately, most of them are shitheaded. But they prove that there can be mass changes of mind among the populace on key issues. They just happen to be the wrong ones. We just need some folks to do something concerning the right ones.

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