Thursday's The Last Word with Lawrence O'Donnell on MSNBC displayed a classic example of how liberals fail to grasp the basic logic of people's economic decisions or, even when they are aware of economic principles, they still find reasons to be dismissive of a predictable outcome that goes against how they wish the world would function.

As host O'Donnell convened a group to discuss an article by Carl Gibson of ReaderSupportedNews.org about why it makes more economic sense for a young, healthy person to pay a $300 fine than to spend thousands of dollars for insurance since they cannot be denied coverage for a preexisting condition later, Washington Post columnist and MSNBC analyst Ezra Klein explained how ObamaCare could result in there being "no system that is affordable to take care of" elderly and sick people.