Mainstream economists and so-called experts have filled the minds of many Americans with economic myths that are constantly reinforced by the media and repeated on the streets. These myths are erroneous at best - sometimes based on half-truths - but, the majority of them are just false.We read and hear them every day: "inflation" is caused by rising oil prices; consumption is the most important element for economic growth; low interest rates are helpful to the economy; government expenditures help "stimulate" the economy; there is an energy "crisis," and many others.
This article examines some of the most common myths and offers an alternate explanation of the reality behind them.
No comments:
Post a Comment