Pretty much every liberal I've ever met believes that supply and demand aren't connected, or very loosely at best. Their reasons vary, but at the end they just don't buy that there's a strong connection. This is what leads them to make so many poor economic choices.
>Pretty much every liberal I've ever met believes that supply and demand aren't connected, or very loosely at best.
I think that's the key word: believe. They don't think. They believe.
>Their reasons vary,
Perhaps depending on which economics professor or media outlet they choose to believe.
Their ideology is a faith, truly. That's how they can maintain their belief in the face of contradictory information. They can simply rely on their faith. "Boy, that sure looks like it goes against what I believe, but what I believe must be true. I'm sure there's an explanation. Just because I don't know what that explanation is doesn't mean there isn't one."
It's not hard to become deluded when the financial market doesn't even believe supply and demand are connected.
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