Rep. Ocasio-Cortez’s Abject Economic Illiteracy

I am amazed at the illiterate nature of politicians who think money is a zero sum game. That wealth is not created through investment. What Ocasio-Cortez apparently doesn’t or won’t understand is that there is no $3 billion out there that New York could spend… there would have been 24-billion-to-27-billion to spend after the 3-billion in tax-breaks — on subways, infrastructure, and the like. But now there is zero. Zilch. Nada. This deal would have created roughly 25,000 well-paying jobs. The residual job creation was estimated to be an additional 67,000 jobs. Wow. See more here:

NATIONAL REVIEW’S article from July of 2018 seems fitting:

It costs a pretty penny to earn a diploma in stupid.

The annual list price to attend Boston University — including tuition, fees, room, and board — currently rounds out to $70,000. To acquire a degree in economics from this tony institution of higher learning, an undergrad must complete courses in calculus, microeconomic and macroeconomic analysis, empirical economics, statistics, and assorted electives.

Four years, 52 credits and nearly $300,000 later, the school promises that BU economics majors will depart “with a firm understanding of core microeconomic and macroeconomic theory” and the “empirical skills that are essential to applying economic reasoning in our increasingly data-driven world.”

How, then, to explain the abject economic illiteracy of meteoric media darling and democratic socialist “political rock star” Alexandria Ocasio-Cortez?

[….]

Instead of hitting the books, Ocasio-Cortez appears to have spent most of her college days pounding the social-justice pavement. The Boston Globe reports approvingly that she “was active at BU in organizations that empower minorities,” including a stint as president of Alianza Latina, BU’s largest Latin American student organization, and as a student ambassador at the Howard Thurman Center for Common Ground, “which aims to foster inclusiveness among students of all backgrounds.”

Ms. Diversity-ConArtista may be able to blow hot air about Gini coefficients while tweeting anti-capitalist platitudes. But the numbers don’t lie. She’s everything that’s wrong with overpriced liberal ivory towers, radical identity politics, and left-wing media ideologues pining for their next savior.

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