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DENNIS PATRICK: TRAGEDY OF ECONOMIC ILLITERACY |
Schools don’t teach economics adequately, if at all. Economics is far more than boring classes saturated with statistics, graphs and charts. Beyond that, more often than not, economics courses are highly biased.
A recent Louis Harris poll confirmed nearly two thirds of young people and half the adults surveyed flunked the test of economic literacy.
George Mason University economist Bryan Caplan captured the phenomenon of economic illiteracy in his book “The Myth of the Rational Voter: Why Democracies Choose Bad Policies.” Caplan argues that most voters elect candidates based on biases involving economic matters.
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