Test your Economics IQ – How do YOU Score Compared to LibTards


Not only has liberalism been proven a mental disorder, it now comes to light that liberals/progressives are IGNORANT of basic rules of economics.  Note I didn’t say STUPID but the Lord knows I was tempted to.  From the Wall Street Journal comes the following:

Daniel Klein: Are You Smarter Than a Fifth Grader? – WSJ.com: “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.”

How did the six ideological groups do overall? Here they are, best to worst, with an average number of incorrect responses from 0 to 8: Very conservative, 1.30; Libertarian, 1.38; Conservative, 1.67; Moderate, 3.67; Liberal, 4.69; Progressive/very liberal, 5.26.

Americans in the first three categories do reasonably well. But the left has trouble squaring economic thinking with their political psychology, morals and aesthetics.

Want to compare your econ skills to the test results?  Answer the following questions: 1) strongly agree; 2) somewhat agree; 3) somewhat disagree; 4) strongly disagree; 5) are not sure.

1) Restrictions on housing development make housing less affordable.
2) Mandatory licensing of professional services increases the prices of those services.
3) Overall, the standard of living is higher today than it was 30 years ago.
4) Rent control leads to housing shortages.
5) A company with the largest market share is a monopoly .
6) Third World workers working for American companies overseas are being exploited.
7) Free trade leads to unemployment.
8) Minimum wage laws raise unemployment.

Any answers that match the following count as incorrect (1 point).  Hope it doesn’t cost my dear readers conservative bragging rights!

1. incorrect = somewhat disagree or strongly disagree
2. unenlightened answer: disagree.
3. unenlightened answer: disagree.
4. unenlightened answer: disagree.
5. unenlightened answer: agree.
6. unenlightened answer: agree.
7. unenlightened answer: agree.
8. unenlightened answer: disagree.

Now compare your wrong answers (points) to the six ideological groups surveyed.  Here they are, best to worst, with an average number of incorrect responses from 0 to 8: Very conservative, 1.30; Libertarian, 1.38; Conservative, 1.67; Moderate, 3.67; Liberal, 4.69; Progressive/very liberal, 5.26.

Oh yeah…this Very Conservative blogger KNOWS her Econ 101!  Unfortunately, my old man is leaning towards liberal.  I’m working on it people!  He’s a retired state employee.  De-programming takes time!


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