Apparently, it is not enough that Princeton University has one economist preaching the Gospel of Economic Illiteracy. One can read the ignorant missives of Paul Krugman any day of the week and know that the economist most celebrated at this august Ivy League institution does not even understand basic opportunity cost.

Not content to let Krugman be the only Apostle of Ignorance from Princeton, Alan Blinder has checked in with a “wish list” for the “stimulus,” and on the pages of the Wall Street Journal, no less. Indeed, I think we can rename this piece of economic illiteracy, “The Blinder leading the Blind.”