[justshutupandtakeit]

Preach on not a problem. It is particularly amusing to read the free trade, federal reserve/national bank and gold standard threads here. Talk about a conglomeration of ignorance. You would think Thomas Jefferson had come back to life.

There are a few who do actually know something about the subject. But they are in a distinct minority.

[CatoRenasci]

It is particularly amusing to read the free trade, federal reserve/national bank and gold standard threads here. Talk about a conglomeration of ignorance. You would think Thomas Jefferson had come back to life.

Nicely put, and too true. I especially love the ones who have read a second or third hand account of Adam Smith (possibly in the Freeman or some Libertarian Party tract) and think they are experts. Almost a parody of Gilbert & Sullivan's parody of the esthetes in Patience... "and convince them if you can, that the reign of good Queen Anne, was culture's balmiest day...." Or those who unknowingly endorse Ricardo's labor theory of value. As much as I enjoy FreeRepublic, on economic ideas I regard it as a proof of a sort of Gresham's Law of ideas.