It costs a pretty penny to earn a diploma in stupid.
The annual list price to attend Boston University — including tuition, fees, room and board — currently rounds out to $70,000. To acquire a degree in economics from this tony institution of higher learning, an undergrad must complete courses in calculus, microeconomic and macroeconomic analysis, empirical economics, statistics and assorted electives.
Four years, 52 credits and nearly $300,000 later, the school promises that BU economics majors will depart "with a firm understanding of core microeconomic and macroeconomic theory" and the "empirical skills that are essential to applying economic reasoning in our increasingly data-driven world."
How, then, to explain the abject economic illiteracy of meteoric media darling and democratic socialist "political rock star" Alexandria Ocasio-Cortez? The 28-year-old BU alumna graduated with an economics and international relations degree in 2011. She calls herself a "nerd" and bragged about her academic credentials, tweeting earlier this month:
"How many other House Democrats have a degree in Economics like I do? Trying to find who out here is going to be in the Gini Coefficient Appreciation Squad."
The upstart New York congressional candidate has been hailed by pundits, newspapers and pols as "sharp," "smart" and "extraordinary." BU's Associate Provost and Dean of Students Kenneth Elmore gushed that Ocasio-Cortez is "brilliant — she is boldly curious and always present. She makes me think and could always see multiple sides of any issue. ... I can't wait to see what happens when her time truly comes."
But when the time came to put her BU economics education to work, Ocasio-Cortez flunked. On PBS last week, she asserted that "unemployment is low because everyone has two jobs." Moreover, the erudite B.A. holder in economics posited, "Unemployment is low because people are working 60, 70, 80 hours a week and can barely feed their kids."
Egad. This nonsense needs more unpacking than a cross-country Mayflower moving truck.