Candidates and basic economics

CNN Money asked economics professors whether today's candidates would pass their course in introductory economics. They tended to doubt it. Brief excerpt:

Another professor who teaches at the University of North Carolina at Chapel Hill, Michael Salemi, was able to identify statements from six candidates that "would earn failing grades in my Econ 101 class."

Salemi called Ron Paul's rationale for returning to the gold standard "one of the most dangerous ideas put forward by a politician in recent years."

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