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.
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|Other Independent Review articles by Robert Higgs|
|Winter 2018||Principal-Agent Theory and Representative Government|
|Fall 2017||Freedom of Movementthe Sine Qua Non of Economic Prosperity and Progress|
|Summer 2017||Moderation in Response to Provocation Is No Vice|
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