Originally Published at Money Metals Exchange
Do young Americans today know anything about economics?
No, they don’t, according to a study during the 2016 presidential primary season, which says lots of other Americans don’t either.
The survey found 58% of millennials favor government-run socialism (statistically 6 out of 10), while a nearly identical number (64%) don’t want government interference in free markets.
The incompatible findings make no sense, unless… Americans aged 18-24 simply don’t understand the real meanings of either concept.
Sadly, the study says that’s true of one-third of all Americans. Not a clue. The evidence is the large following behind avowed socialist Bernie Sanders during his presidential campaign.
This lack of understanding is concerning, as the implications for individual lives and the nation’s future are significant. Witness the latest failure of socialism in Venezuela, where millions are rebelling against the government-controlled economy driving their lives into the dirt.
We know one answer. The thrust of government influenced, politically correct education for many decades has been to rewrite history and literature, aimed at growing government power while diminishing individual liberties. It starts with childhood.