Why is there So Much Economic Illiteracy? Paul Krugman Is One Reason

Stanford University economist Thomas Sowell was asked the other day whether the understanding of basic economics has been elevated in political discussions over time. His answer? Economic literacy hasn’t gotten better. It’s gotten worse. --“At one time you had a lot of people who hadn’t had any economics saying foolish things. Now you have well-known economists saying foolish things,” he said.

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(Hat tip: KimR)