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Donald J. Boudreaux is on a mission to correct economic nonsense.

A professor of economics at George Mason University and a blogger at Cafe Hayek.com, Boudreaux has been writing letters to the editor of various American publications for years in an attempt to correct economic fallacies promoted in articles he read. He has compiled the best of his letters in a new book, “Hypocrites & Half-Wits: A Daily Dose of Sanity from Cafe Hayek.”

While Boudreaux says the ”typical American is quite uninformed about economics,” he doesn’t rate the current major presidential contenders much higher on that score.

“Neither man gives much reason to believe that he is economically literate,” he said. “Judging only by what they say, though, I give the edge to Romney. He’d likely earn a D- in my Intro econ class; Obama likely would earn an F.”

Boudreaux doesn’t shower scorn on every member of the media or politician for being economically ill informed, however. He praises Fox Business Network’s John Stossel, the Wall Street Journal’s Mary Anastasia O’Grady and conservative Washington Post columnist George Will for their grasp of economic issues. As for politicians, he suggests Indiana Republican Gov. Mitch Daniels and Michigan Republican Rep. Justin Amash are the best of the lot.

Read more from this story HERE.

As we all know, there are so many effects that abortion has on our society and the whole world. What seems to be overlooked is how abortion can hurt the economy. People make the mistake that abortion is solely a moral issue, and therefore cannot be related to the effects of the economy.

In the United States, we have a national debt nearing $16 trillion, which has surpassed the nation’s annual GDP. In other words, our federal government is spending beyond our means. Since abortion was legalized in 1973 by Roe v. Wade, over 50 million babies have died, with over 3,000 killed on a daily basis.

It’s horrible enough that these innocent babies are murdered, but can you imagine how many more contributions those 50 million lives would have made? Perhaps one of those aborted could have found a way to cure AIDS, cancer, or asthma, just to name a few. Plus, with more people contributing to society through work, we would have a higher GDP, which would greatly help reduce the burden of our government spending, which spends about $4 billion daily. Much progress could be made to shore up the social security of the 10,000 individuals who retire every day.

According to the Bureau of Labor Statistics, Social Security Administration, Guttmacher Institute, and National Center for Health Statistics, if abortion had never been legalized in 1973, more than 17 million people would be employed, resulting in an additional $400 billion from those workers, with $11 billion contributed to Medicare and $47 million contributed to Social Security. Although it is important to also reduce government spending, these added incomes would nevertheless help the country.

It doesn’t take a world-renowned economist to figure out that when you’re decreasing the youth from abortion and with all the baby-boomers retiring, Social Security is going to eventually run out if we continue with abortions and the amount of spending by the federal government. Even though Social Security cannot last forever with the amount of federal spending today, not having abortion would help Social Security last longer, assuming that the amount of federal spending is the same.

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Economist gives Obama ‘F,’ Romney ‘D-minus’ for Economic Literacy