Conservatives are as wrong on economics as liberals

[diverdog]

BACK IN JUNE 2010, I published a Wall Street Journal op-ed arguing that the American left was unenlightened, by and large, as to economic matters. Responding to a set of survey questions that tested people’s real-world understanding of basic economic principles, self-identified progressives and liberals did much worse than conservatives and libertarians, I reported. To sharpen the ax, The Journal titled the piece “Are You Smarter Than a Fifth Grader?”—the implication being that people on the left were not.The op-ed set off fireworks. On The Journal’s Web site, the piece peaked at No.2 in most-e-mailed for the month it was published. The Examiner, in Washington, D.C., ran two opinion pieces in response, one approving and one critical. (The latter noted, correctly, that conservatives were “happily disseminating the results across the right-wing blogosphere.”) The Washington Times reported, “Liberals Livid Over Economic Enlightenment Gauge.” My inbox exploded with messages haranguing me for cynically rigging my results or blessing me for providing proof of a long-suspected truth.
The Wall Street Journal piece was based on an article that Zeljka Buturovic and I had published inEcon Journal Watch, a journal that I edit. In short order, more than 10,000 people downloaded a PDF of the scholarly article. The attention, while slightly unnerving, was also pleasing, and I’ll confess that I found the study results congenial: I’m a libertarian, and I found it easy to believe that people on the left had an especially bad grasp of economics.
But one year later, in May 2011, Buturovic and I published a new scholarly article reporting on a new survey. It turned out that I needed to retract the conclusions I’d trumpeted in The Wall Street Journal. The new results invalidated our original result: under the right circumstances, conservatives and libertarians were as likely as anyone on the left to give wrong answers to economic questions. The proper inference from our work is not that one group is more enlightened, or less. It’s that “myside bias”—the tendency to judge a statement according to how conveniently it fits with one’s settled position—is pervasive among all of America’s political groups. The bias is seen in the data, and in my actions.
http://www.theatlantic.com/magazine/print/2011/12/i-was-wrong-and-so-are-you/8713/

This previous article was touted by some posters on this board.

[soonercruiser]

So, Diver, who has the answers on the economy?
The elitist economics professors from East and Left coast colleges?
:hopelessness:

[Trophy Husband]

So, Diver, who has the answers on the economy?
The elitist economics professors from East and Left coast colleges?
:hopelessness:

Yes, as a matter of fact they do. Now if they could just learn how to bathe and shave.

[soonercruiser]

Even though we no longer have an emoticon, I smell sarcacsm here!
:uncomfortableness:

[Trophy Husband]

Even though we no longer have an emoticon, I smell sarcacsm here!
:uncomfortableness:

you smell correctly sir.

[diverdog]

So, Diver, who has the answers on the economy?
The elitist economics professors from East and Left coast colleges?
:hopelessness:

Right. We should let a bunch of Texans run this country. Oh I forgot that hasn't worked out so well.

[oudivesherpa]

^^^It has for the Texans!

[diverdog]

We are screwed because of lbj.

And both Bush's. I do not like any of them.

[soonercruiser]

Right. We should let a bunch of Texans run this country. Oh I forgot that hasn't worked out so well.

Diver,
Did the Texan get immigtarion reform through?
Oh!

[soonercruiser]

^^^It has for the Texans!

I would agree that what the Repugs have done has worked out well for Texas.
Look! Their football team even got it's own sports channel! :hopelessness:

But, the East and Left Coast would not go along with half of Texas' laws.
Like "open carry"! And, I'm not talking a beer can here.

[Trophy Husband]

It's Bush's fault.

[ouwino]

the best way to help the economy is to lift many of the government rules and regulations that businesses have to deal with. dont lift them on the major corporations, but the small businesses. the businesses that have less than 100 employees. our economy goes as small business goes. right now the small businessman is becoming extinct.

[Trophy Husband]

the best way to help the economy is to lift many of the government rules and regulations that businesses have to deal with. dont lift them on the major corporations, but the small businesses. the businesses that have less than 100 employees. our economy goes as small business goes. right now the small businessman is becoming extinct.

As per OB's plans.

[Trophy Husband]

the best way to help the economy is to lift many of the government rules and regulations that businesses have to deal with. dont lift them on the major corporations, but the small businesses. the businesses that have less than 100 employees. our economy goes as small business goes. right now the small businessman is becoming extinct.

As per OB's plans.

[diverdog]

the best way to help the economy is to lift many of the government rules and regulations that businesses have to deal with. dont lift them on the major corporations, but the small businesses. the businesses that have less than 100 employees. our economy goes as small business goes. right now the small businessman is becoming extinct.

Something I thought might work is to let business write down both the principal and interest on their business loans.

[SanJoaquinSooner]

the best way to help the economy is to lift many of the government rules and regulations that businesses have to deal with. dont lift them on the major corporations, but the small businesses. the businesses that have less than 100 employees. our economy goes as small business goes. right now the small businessman is becoming extinct.
Yeah, first 3 years of a new business - no regs. no taxes. no e-verify. no nothing. let hong kong style free enterprise flourish.

[SanJoaquinSooner]

https://fbcdn-sphotos-a.akamaihd.net/hphotos-ak-ash4/384404_2157805993447_1495429233_31760461_287685987 _n.jpg

[okie52]

Yeah, first 3 years of a new business - no regs. no taxes. no e-verify. no nothing. let hong kong style free enterprise flourish.

Good for you SanJoaqin-glad to see you on board-



Hong Kong cracks down on illegal immigrants


Tightening the noose around 6,400 illegal immigrants living on its soil, a majority of them from Pakistan and India, the Hong Kong government has put in place a law that will enable the authorities to prosecute illegal immigrants who take up jobs during their stay in the Hong Kong Special Administrative Region.

Hong Kong Immigration Department’s assistant director Corrado Chow on Monday said the Immigration (Amendment) Ordinance, 2009, which came into force on November 14, 2009, had clearly spelt out that “a person, who having landed in Hong Kong unlawfully, or in respect of whom a removal order or a deportation order is in force, must not take any employment, whether paid or unpaid, or establish or join in any business”.

Under the amended law, anybody found in violation of these provisions can be punished with a fine of $6,410 and imprisonment for upto three years.



http://www.indianexpress.com/news/hong-kong-cracks-down-on-illegal-immigrants/620182/