The Bankrupt Economics of David Brat

The big political news from last week was David Brat’s upset win over Eric Cantor for Congress.  Brat is an economics professor at Randolph Macon and from his research it’s clear that he has strong political views embedded in his economics.  It’s perfectly fine to be a political economist, but when it leads to an obviously flawed understanding and presentation of reality then it becomes a real problem in my opinion.  For instance, in his website Brat says the following:
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