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Liberals flunk Econ 101

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Liberals flunk Econ 101

Unread postby Vogelzang » Tue 15 Oct 2013, 05:30:02

Self-identified liberals and Democrats do badly on questions of basic economics.
By DANIEL B. KLEIN
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.
Zogby researcher Zeljka Buturovic and I considered the 4,835 respondents' (all American adults) answers to eight survey questions about basic economics. We also asked the respondents about their political leanings: progressive/very liberal; liberal; moderate; conservative; very conservative; and libertarian.


http://online.wsj.com/article/SB1000142 ... 32412.html
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Re: Liberals flunk Econ 101

Unread postby Vogelzang » Tue 15 Oct 2013, 05:32:33

Veteran psychiatrist calls liberals mentally ill
Publishes extensive study on 'Psychological Causes of Political Madness'

Read more at http://www.wnd.com/2008/11/56494/
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Re: Liberals flunk Econ 101

Unread postby SeaGypsy » Tue 15 Oct 2013, 05:35:35

Yay! The biggest long time jerk at peakoil.com is back!
(Get real almost everyone flunks basic economics. Right wingers tend to have slightly more dosh and slightly better education- hence slightly better results on basic economics- hence the less than full disclosure present in the article.)

Recently we had someone here trying to argue that 'benchmark' currency status was infinitely more important than 'reserve' currency status (thus dissing both). I've lost count how many folks here have obviously no idea what the importance of the 'Petrodollar' is- I bet over 90% of 'Americans' would fail that one despite being it's primary beneficiary- never mind the rest of the world.
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Re: Liberals flunk Econ 101

Unread postby Vogelzang » Tue 15 Oct 2013, 05:53:37

Keep suffering. Your lies are being exposed.

Climate Depot Round Up: A New Climategate?! ‘UN IPCC Stands Accused Of Misleading World Leaders & The Public’

http://www.climatedepot.com/2013/10/01/ ... he-public/
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Re: Liberals flunk Econ 101

Unread postby SeaGypsy » Tue 15 Oct 2013, 05:56:24

Whatever, stick your head back in the sand, or wash your eyes out.
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Re: Liberals flunk Econ 101

Unread postby Vogelzang » Tue 15 Oct 2013, 07:50:15

You're such a jealous loser, Sea Slug.

Laffer and Moore: The Red-State Path to Prosperity
Blue states with high taxes are struggling to compete for businesses and workers.
http://online.wsj.com/article/SB1000142 ... 32998.html

Daniel Yergin: Why OPEC No Longer Calls the Shots
The oil embargo 40 years ago spurred an energy revolution. World production is 50% higher today than in 1973.
http://online.wsj.com/article/SB1000142 ... 74406.html

I get richer as you get poorer.
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Re: Liberals flunk Econ 101

Unread postby SeaGypsy » Tue 15 Oct 2013, 07:54:19

Can't you find anything, like modern or something? A 2010 article thoroughly debunked and since refuted by it's own author in 2012. Who gives a crap?
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Re: Liberals flunk Econ 101

Unread postby SeaGypsy » Tue 15 Oct 2013, 07:57:54

Every time this idiot shows up, this is what we get. MSM verbatim spun with unintelligible blather. We have some republicans here WITH brains and the ability to string a coherent argument together. Volzvomit, your services are not required.
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Re: Liberals flunk Econ 101

Unread postby Ron Patterson » Tue 15 Oct 2013, 08:55:49

Recently we had someone here trying to argue that 'benchmark' currency status was infinitely more important than 'reserve' currency status (thus dissing both).


That statement is a bald faced lie. I argued that the dollar was the world's benchmark currency, not "infinitely more important than reserve currency". Gad, how can one just make up lies and get by with it?

The dollar is the world's benchmark currency. And because of the Forex no country has to hold dollars in reserve to buy oil. Both those statements are true and if you think differently then you need to go back and take Economics 101. The dollar is also the world's reserve currency but that is simply the title that the world's benchmark currency goes by.

But how important is it that the dollar is the world's benchmark currency? Not sure but it is definitely not infinitely important. If it were not the dollar it would likely be the Euro, or something else. The world must have a benchmark currency as a measuring stick for the price of anything in world trade.

But at least you are not a right wing nut case. I guess everyone has some good qualities. :lol:
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Re: Liberals flunk Econ 101

Unread postby SeaGypsy » Tue 15 Oct 2013, 09:11:15

Mate, I may have exaggerated the point and it's not important now at all, we had an interesting debate and we reached some consensus I thought at least. This Vogelspew is a horror troll from hell, a silver spooner with no real attachments in his life but his money. Click on his ID and look back over his posting history- just a pain, and a dumb, revolting, arrogant one at that.
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Re: Liberals flunk Econ 101

Unread postby rollin » Tue 15 Oct 2013, 09:17:05

Since economics is not a science and has been shown to be erroneous and ineffective in it's applications, we can ignore any results of this obviously biased questionnaire.
Once in a while the peasants do win. Of course then they just go and find new rulers, you think they would learn.
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Re: Liberals flunk Econ 101

Unread postby Ron Patterson » Tue 15 Oct 2013, 09:39:47

Mate, I may have exaggerated the point and it's not important now at all,


Perhaps but your erroneous portrayal of my position made me look like a fool. My only point was that the term "Reserve Currency" is a holdover from the days before the Forex when countries had to hold dollars in reserve to purchase anything on the world market.

But I agree with your position on Vogelspew.
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Re: Liberals flunk Econ 101

Unread postby SeaGypsy » Tue 15 Oct 2013, 09:45:03

Lol :) My apologies. :oops:

I think the conversation ended on my part with stating that currency trading almost invariably happens through the $USD even though the exchange is invisible- we were quibbling over a decimal point or something along those lines and the value of tiny margins on massive volumes equating to more than a lot of countries GDP's.

Enjoyable debate! Not something I have ever had or seen anyone have with Vogelspew.
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Re: Liberals flunk Econ 101

Unread postby SeaGypsy » Tue 15 Oct 2013, 09:50:09

rollin wrote:Since economics is not a science and has been shown to be erroneous and ineffective in it's applications, we can ignore any results of this obviously biased questionnaire.


The vast majority of economists cannot grasp the absolutely intrinsic connection between resources and economics- which gets lumped off to the side somewhere as 'resource economics' as if this somehow removes the absolute centrality of the core aspect of the entire game. Of course those of us who do focus on resource economics (lots here) realize why mainstream economists avoid the topic most of the time- because it condemns their 'science' to inevitable failure.
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Re: Liberals flunk Econ 101

Unread postby PrestonSturges » Wed 16 Oct 2013, 01:28:52

Vogelzang wrote:Veteran psychiatrist calls liberals mentally ill
Publishes extensive study on 'Psychological Causes of Political Madness'
Read more at http://www.wnd.com/2008/11/56494/


World Nut Daily still agrees with Hitler? Color me shocked!

It often made me despair. After hours of
talking I often thought that I had broken the ice or cleared
up some nonsense and rejoiced at my success, only to find
to my dismay on the following day that I had to start all
over again; everything had been in vain. The madness of
their ideas seemed to swing back and forth like a pendulum
in perpetual motion
...
At that time I was still naive enough to try to make
clear to them the madness of their ideas; in my small circle
I talked until my tongue was weary and till my throat was
hoarse, and I thought I could succeed in convincing them
of the destructiveness of their Marxist doctrine of irra-
tionality; but the result was only the contrary.
...
No, the
fact that the German nation was still fighting then
proved that the Marxist madness had not yet been able to
eat really deep.
-Mein Kampf
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Re: Liberals flunk Econ 101

Unread postby Vogelzang » Wed 16 Oct 2013, 17:00:13

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Re: Liberals flunk Econ 101

Unread postby vision-master » Wed 16 Oct 2013, 18:16:25

Vogelzang wrote:http://www.theamericanright.com/forums/forum.php



Just for u -> http://www.godlikeproductions.com/
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Re: Liberals flunk Econ 101

Unread postby PrestonSturges » Wed 16 Oct 2013, 19:22:22

Vogelzang wrote:http://www.theamericanright.com/forums/forum.php


Notice the layout is nearly identical to StormFront?
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Re: Liberals flunk Econ 101

Unread postby SeaGypsy » Wed 16 Oct 2013, 19:24:41

The very definition of a rich, bozo.
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Re: Liberals flunk Econ 101

Unread postby americandream » Wed 16 Oct 2013, 20:22:41

SeaGypsy wrote:The very definition of a rich, bozo.


Hallucinating, I would suspect.
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