The number of people that don't understand basic economics very well is much greater than the number of people that understand it so well that they can ably cri

The number of people that don't understand basic economics very well is much greater than the number of people that understand it so well that they can ably critique it and support a view that contradicts the mainstream. Using Bayesian probability, it is far more likely that the average commenter on an internet message board espousing a new economic theory that seems to contradict the foundations of capitalism falls into the first category. The Broken Window Fallacy in particular is among the most common and grievous economic sins committed by journalists and the public at large, so it's worth repeating.