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Anatomy of an Economic Ignoramus

September 10th, 2009 Jericho Leave a comment Go to comments

From The Mises Institute

We all encounter more than our share of foolish blog posts. Most of the time you simply have to let them be. You could spend the rest of your life correcting drones and automatons who will never have an original or unconventional thought no matter how much you prod them. Their seventh-grade teacher, who was also the track coach, taught them what they know, and they’re sticking to it.

Once in a while, though, for your own sake and for the sake of readers who suspect the post is all wrong but aren’t quite sure why, you let loose with a full-blown response. And that’s what I’m doing here in reaction to a blog entry called “Peter Schiff: Medicare Recipients Are Lazy People Who Refuse to Pay for Their Own Health Care.”

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