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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMillennials are increasingly rejecting voodoo economics
Millennials are increasingly rejecting voodoo economicsBy Catherine Rampell at the Washington Post
https://www.washingtonpost.com/news/rampage/wp/2016/04/27/millennials-are-increasingly-rejecting-voodoo-economics/
"SNIP.............
As my colleague Max Ehrenfreund noted, the latest youth poll from Harvards Institute of Politics suggests that young people are becoming more liberal. Compared with responses from the past few years, todays 18-to-29-year-olds are more likely to believe basic health insurance is a right for all people, basic necessities, such as food and shelter, are a right that government should provide to those unable to afford them, and the government should spend more to reduce poverty.
Heres another interesting data point that I havent seen others mention: Young people have also become less likely to believe the central tenet of supply-side (a.k.a. voodoo) economics.
...........
Just 35 percent of respondents said they agreed with the statement that tax cuts are an effective way to increase growth, which is 5 percentage points lower than last year and the lowest share since the poll first asked a question with this phrasing. This is bad news for Republican candidates, all of whose economic policies are predicated on very generous assumptions about tax cuts and growth.
...............SNIP"
applegrove
(118,658 posts)laundry_queen
(8,646 posts)even in business schools they are teaching that it is a failed theory. At least that is what they taught in my econ classes.
applegrove
(118,658 posts)side theory as if it was fact.
laundry_queen
(8,646 posts)It's only been about 5 years ago for me since my last econ class. Of course this was a Canadian university. It might be different in a US school although our textbooks were from a US supplier and it essentially said the words 'completely disproven' with regards to supply side. I ended up with a really well rounded education (I did have to suffer through *some* right wing crap in econ). My profs, mostly in international business and accounting, were also super anti-TPP. I remember having many class discussions about it before anyone else was talking about it. Unfortunately, I'm not super confident this is the norm, but I think it's spreading. I have read some economists' blogs and find that more often than not, they are quite left wing in their economic views...because that is what actually works.
applegrove
(118,658 posts)in grade 13 US history class and being taught that the US civil war was not fought because of slavery. More propaganda from the US right wing.
laundry_queen
(8,646 posts)You must've been in Ontario (grade 13 *snicker*)
I was in Alberta. No grade 13 here. No US civil war history either, aside from a quick "there was one, it was about slavery".
But yeah, propaganda sneaks in everywhere. I had a wonderful Social studies teacher that showed us how to be discerning consumers of media - even Canadian media. He was excellent and I'm lucky enough that my kids now have him as a teacher also. I credit that teacher with helping me recognize the crap around the Iraq war, which is what got me involved in US politics.
applegrove
(118,658 posts)Yes grade 13. Not a good year. I'm glad they got rid of it.
Gothmog
(145,242 posts)applegrove
(118,658 posts)PowerToThePeople
(9,610 posts)trying to play the "we are not neo-liberal" part.
Everyone knows you are lying.
Katashi_itto
(10,175 posts)malaise
(268,998 posts)and empirical evidence