Wednesday, September 10, 2008

America's Economic Myths (David Saied)

David Saied dispels common economic myths in a nice, tidy article:

Mainstream economists and so-called experts have filled the minds of most Americans with many 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. 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. We will examine the most common ones and proceed to explain the reality behind these myths.

Read the rest

1 comment:

Cato said...

Nice blog, if you want to a check out a liberty based blog a couple of friends in medical school started at:
http://www.freemarketphysician.blogspot.com/
you can link it to your blog if you want.