This was comedy gold. Thank you.
Originally Posted by Wiseone
I particularly enjoyed your fine comedy touch of deigning to educate people about basic issues like "adjustable rate mortgages" and then grossly misunderstanding them yourself. The blind teaching the sighted how to read is always good for laughs.
The rate which is adjustable is the interest rate, not the value of the house.
I'm trying to understand how you see the world but I can't make heads or tails of how you could arrive at such a view.
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.
Rather than focusing on whether respondents answered a question correctly, we instead looked at whether they answered incorrectly. A response was counted as incorrect only if it was flatly unenlightened. . . .
In this case, percentage of conservatives answering incorrectly was 22.3%, very conservatives 17.6% and libertarians 15.7%. But the percentage of progressive/very liberals answering incorrectly was 67.6% and liberals 60.1%. The pattern was not an anomaly.