Almost everything that politicians and pundits have said about the economic recession has been false. The six worst mistakes, promulgated widely since Paul Samuelsons best-selling textbook Economics first appeared in 1948, pertain to aggregation, relative prices, the rate of interest, capital and its structure, malinvestments and money pumping, and regime uncertainty.
|Other Independent Review articles by Robert Higgs|
|Summer 2015||Gross Domestic Productan Index of Economic Welfare or a Meaningless Metric?|
|Spring 2015||Compassiona Critical Factor for Attaining and Maintaining a Free Society|
|Winter 2015||Tolstoys Manifesto on the State, Christian Anarchy, and Pacifism|
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