Racket News

Racket News

Share this post

Racket News
Racket News
Pundits: "Ignorance" Makes Americans Give "Wrong" Answers To Economic Confidence Poll

Pundits: "Ignorance" Makes Americans Give "Wrong" Answers To Economic Confidence Poll

Why ask, if you don't want to know?

Matt Taibbi
Nov 10, 2023
∙ Paid
1,370

Share this post

Racket News
Racket News
Pundits: "Ignorance" Makes Americans Give "Wrong" Answers To Economic Confidence Poll
619
50
Share

Paul Krugman of the New York Times on America’s “belief” problem when it comes to the economy:

Biden is not, in fact, presiding over a bad economy. On the contrary, the economic news has been remarkably good, and history helps explain why. Nonetheless, many Americans tell pollsters that the economy is bad. Why? I don’t think we really know… Many voters have demonstrably false views about the current economy — believing, in particular, that unemployment, which is near a 50-year low, is actually near a 50-year high.

The Guardian editorial Krugman linked to explains: Americans continue to believe the economy sucks, even though they’ve been told over and over it doesn’t! Why won’t they listen?

Keep reading with a 7-day free trial

Subscribe to Racket News to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 Matt Taibbi
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share