Self-Identified Leftists Don't HAVE to be Dumb
Economic illiteracy is not destiny, it's a choice. KPC friend D-Klein has some data.
Me, I'm reminded of LvM:
Scarcely anyone interests himself in social problems without being led to do so by the desire to see reforms enacted. In almost all cases, before anyone begins to study the science, he has already decided on definite reforms that he wants to put through. Only a few have the strength to accept the knowledge that these reforms are impracticable and to draw all the inferences from it. Most men endure the sacrifice of the intellect more easily than the sacrifice of their daydreams. They cannot bear that their utopias should run aground on the unalterable necessities of human existence. What they yearn for is another reality different from the one given in this world. They long for the "leap of humanity out of the realm of necessity and into the realm of freedom." They wish to be free of a universe of whose order they do not approve.
So, it's a conscious choice to decide that the basic laws of economics should be amended. Lefties want to feel good about regulating housing prices. The fact that rent control actually HURTS the poor...well, that's inconvenient, and they just prefer to put their fingers in their ears and sing folk songs from the 1960s, and congratulate themselves on their INTENTIONS, not the actual impacts of the laws they advocate.
If you want to help the poor, but know that your dumb laws actually hurt the poor, you just pretend that the laws aren't really dumb.
Labels: economic policy