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Modern economics is riddled with unwarranted – and often just plain wrong – assumptions that nevertheless dictate economic policy for nations around the world.
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That’s why we’re here to separate fact from fiction. On our podcast, Pitchfork Economics, we spoke to Tom Bergin, who wrote “Free Lunch Thinking: How Economics Ruins the Economy” – which catalogs eight misconceptions about economics.
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Bergin breaks it all down – from trickle-down lies to unproven theories. To debunk some of your own misconceptions about the economy, listen to Pitchfork Economics now!
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Because even mainstream economists have an incomplete understanding of how the economy really works, chances are good you've heard some incorrect assumptions. Here are just a few of the theories that Bergin debunks on our podcast:
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Even though fallacies like these have been debunked by a growing mountain of evidence to the contrary, they continue to spread because it's in the interest of economists to stay in the good graces of the wealthy Americans who sign their paychecks, endow their universities, and underwrite their studies and academic journals.
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To learn more about the economic fallacies that are being pushed by economists, talking heads, and the media, listen to Pitchfork Economics now.
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– Team Civic Action
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