When a politician says something that indicates a serious fundamental ignorance about economics or crime or really any subject, it can make you wonder whether they truly don’t know what they’re talking about or whether they’re cynically assuming the average voter won’t know enough to realize the flaw.
With Sen. Bernie Sanders it can be a toss-up. He recently tweeted a particularly stupid complaint about college loans, whining that there’s no reason why their interest rates should be higher than for cars or mortgages. It was pointed out that cars and homes can be repossessed or foreclosed upon, thus reducing the risk from the banks for providing the loan and reducing the potential losses.
Does Sanders even understand this? Who knows? Today the Washington Post has published a commentary from Sanders calling for free college that again highlights his poor grasp of the economics of higher education and avoids any discussion of why college costs are skyrocketing. After crediting the progressive movement with creating the K-12 public education system, he declares: “By 1940, half of all young people were graduating from high school. As of 2013, that number is 81 percent. But that achievement is no longer enough. A college degree is the new high school diploma
Read more at http://instigatornews.com/bernie-sanders-typical-left-wing-economic-ignorance/#yFzWfFSf7d8WXj7i.99
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