Does Henry Blodget Have An Intense Detestation For Economics?

By Chris Rossini

In this day and age, it's not hard to gain an understanding of simple economic concepts. You can learn about supply & demand in the same amount of time that it takes to learn how to tie your shoes.

While keeping an eye on Twitter this morning, I stumbled upon BusinessInsider teammates Henry Blodget and Joe Weisenthal having quite the convo. I'll spare you and your precious time by providing only the following highlights:

Won't be real growth until companies pay people more.. RT @TheStalwart: It's do-or-die time for US economy. http://t.co/WFDDmp1aCf
— Henry Blodget (@hblodget) May 24, 2014

@TheStalwart Manufacturing used to pay peanuts, too. Then, finally, societal pressure forced owners to share. Same must happen in retail
— Henry Blodget (@hblodget) May 24, 2014

@TheStalwart Right… my point is we need to raise fast-food pay to same level as manufacturing. It is, in fact, manufacturing
— Henry Blodget (@hblodget) May 24, 2014

Does Blodget hate economics? He's the only one that knows his true motivations, but based on these embarrassing tweets, the answer is YES.

Wages...supply & demand...these are tie-your-shoelace type concepts. Then again, maybe Blodget wears velcro laces.

In any case, I couldn't help but think of Murray Rothbard's timeless quote. It applies here more than ever:

“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”

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Chris Rossini is on Twitter