Tuesday, October 23, 2012

Why the Left is Afraid to Study Economics

From the Democratic Underground

Given this, how can you ever be broke? Answer, you cannot be broke. The U.S. government is not in debt simply because it can create currency to pay off the debt, and our creditors gladly accept our currency as payment on our debts. You see, the world needs our dollars because the world needs oil, and in order to buy oil, you need dollars, which means that the world needs to stockpile dollars, and that means that the U.S. can print all of the money that it wants without incurring massive hikes in interest rates to attract lenders. 

Seriously people.  I'm not making this up, but then again, it kind of confirms what we already knew.  Liberals and leftists are completely ignorant and clueless when it comes to economics.  They've been too lazy to bother studying it, let alone, understand it.  However, you'd think as they grew up, inevitably adult curiosity, let alone intellectual maturity and honesty would drive them to starting to figure it out.  Of course they don't, they merely double down and get more bitter.  But I think I've finally figured out why that is.

They're afraid.

Afraid of what?

Afraid that they'll inevitably realize they've been wrong this entire time.  That they're not as smart as they thought they were.  That they weren't as brilliant as their teachers told them in the 10th grade.

Only thing I'll add is notice how in the third paragraph the author describes what the "ideal" leftist economy would look like.  Also notice it's unsupportable and unsustainable because nobody is producing anything of value.

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