A new survey by the Fund for American Studies reminds us that millennials do not understand economics. The same group that does not know basic civics—such as who their senator is or whether Judge Judy is on the Supreme Court—also doesn’t get how free markets work.
While 60% of millennials said they would choose liberty over security, in turn 54% want more government, not less. A majority of even Republicans and conservatives believe government should regulate oil and drug company prices, and place tariffs on goods coming from overseas.
This survey is described as a “freedom index” but millennials really favor more government regulation. I suppose it’s no surprise that young people who have grown up knowing nothing but big government fail to see the connection between more government regulation and less freedom.
Young people who value freedom in their personal and social lives need to understand that political and economic freedoms are necessary to sustain that.