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It is an intellectual error because it indulges in a variant of American exceptionalism.
The opposite intellectual error is to describe as surprising an outcome that was actually fairly predictable.
Along with many liberal philosophers, he seems to think human conflict is a result of intellectual error.
For Thatcher, as for Hayek, the great intellectual error of the 20th century was the belief that the state could improve on the spontaneous efforts of individuals.
His misdiagnosis is not just a baleful intellectual error, it has very serious consequences in the modern world, where religion is now such a major player.
It is not often that large-scale crises are due to intellectual error, but a single erroneous belief runs through all of the successive delusions of the past decade.
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Those intellectual errors, in turn, prompted huge policy errors, such as relying on deregulated financial markets.
"Precisely because people put personal interests aside when they enter the political arena," Caplan says, "intellectual errors readily blossom into foolish policies".
"Whereas purely technical or intellectual errors can, in most instances, be corrected, a failure in a critical juncture to show the reasonable human response which any person inevitably expects from another on whom he deeply depends can invalidate years of patient and largely skillful work," he writes.
But rather than doing it directly, by talking about deregulation and acknowledging the intellectual errors that he and others made, he has chosen to rely on his record in the Obama Administration and his renewed interest in subjects such as unemployment and inequality.
It is the intellectual errors, the actual taking of insufficient evidence as sufficient, that is a fallacy.
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