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Ten Recurring Economic Fallacies, 1774–2004

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Ten Recurring Economic Fallacies, 1774–2004
Topic: Business 10:17 pm EST, Dec  8, 2005

As an American historian who knows something of economic law, having learned from the Austrians, I became intrigued with how the United States had remained prosperous, its economy still so dynamic and productive, given the serious and recurring economic fallacies to which our top leaders (political, corporate, academic) have subscribed and from which they cannot seem to free themselves—and alas, keep passing down to the younger generation.
Let’s consider ten.

Ten Recurring Economic Fallacies, 1774–2004



 
 
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