Is the Ruling Class an Elite?
According to a Zogby International survey that I write about in the May issue of Econ Journal Watch, the answer is unequivocal: The left flunks Econ 101.
Liberals are confident that they are smarter and better educated than conservatives. That may be the case in some sense. But they are overconfident in their beliefs.
They may think of themselves as an elite, but they are just a ruling class.