Monday, November 20, 2006

Trying to coin a new word

As many of you know, we are wont to refer to the "economically illiterate".

You know who they are -- folks like Boy Clinton, John Heinz and Paul Krugman -- over-educated fools who've got even more book learnin' than Jethro Bodine but have far less common sense than the Buffoon from Buggtussel.

The folks who believe that marginal tax rates have no effect on the behaviours of the people who make our economy go, that hikes in the minimun wage will be absorbed by employers with no negative effects and that gas prices are determined by a nefarious cabal of oil company execs.

In short, people who have less understanding of how our economy works than the 8-year old kid who opens a lemonade stand in front of his house on the 4th of July and the teenaged bimbo who works the drive thru at Burger King.

It recently occured to us that "economic illiterate" is incorrect. Technically, it probably means "unable to read about economics."

So, we recently endeavoured to kern (an homage to Art Carney) a word that properly encapsulates the inability to understand how a free economy works. After dissecting "illiterate" and "innumerate" we came up with ineconomate.

Now, we're no linguists -- nor are we four men, living all together but all alone.

So, please, suggest a better term for the concept of complete economic ignorance and we will consider it as the Ponderosa's house term for "economic illiteracy"!