Study finds smart people make smarter economic decisions than dumb people

It’s true.  If you don’t believe me, read the details for yourself here.

What would we do without social scientists? We’d all be walking around thinking that smart people make dumb decisions, and dumb people make smart decisions — and that would be TOTALLY WRONG! At least that is the case with economic decision-making, which was the focus of this study.

If only the National Academy of Sciences had gotten the word out sooner! Possibly last fall’s big crash could have been avoided. But,  not having seen this cutting edge research,  the Bush administration kept the dumb people in charge.