Debunking economic myths

A good, clear, short post explaining three economic myths that most non-economists believe and are promoted almost daily in the media.

myth No. 1: Firms are job creators. 

myth No. 2. It's the idea that governments should work by the same budgetary rules as families, typified by balanced budget requirements. 

myth No. 3: Federal deficits are the scariest problem the economy faces.

[Debunking economic myths, or the trouble with what you think you know | OregonLive.com:]


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