Why Your Kids Are Ignorant About Economics

By Alexander Green Readers wasted no time sounding off last week about a 2016 Harvard Institute of Politics poll that found the majority of 18- to 29-year-olds in this country are opposed to capitalism.

Some blamed the nation’s underwhelming public education system.

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But sometimes it’s basic common sense that’s in short supply.

Take Paul Krugman, for example.

Krugman is a distinguished professor of economics at the Graduate Center of the City University of New York, a former professor of economics at MIT and Princeton University, and a columnist for The New York Times.

No one would call him uneducated.

Yet his biweekly columns are filled with bizarre misstatements of …read more

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