Category Archives: Debunking Myths

The Pitchforks are Coming…For Us Plutocrats | Politico

You probably don’t know me, but like you I am one of those .01%ers, a proud and unapologetic capitalist. I have founded, co-founded and funded more than 30 companies across a range of industries—from itsy-bitsy ones like the night club … Continue reading

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Let Them Eat Cash | The New York Times

A CHINESE millionaire tried to give $300 (and lunch) to homeless men and women in New York last week. This didn’t sit well with the nonprofit New York City Rescue Mission. The Rescue Mission offered to help with lunch, but wouldn’t … Continue reading

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Thom Hartmann: The Myth of Ronald Reagan | Russian Times

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Economist Miles Corak on why the American dream is just a dream | Smart Planet

Americans have come to tolerate extreme inequality, more so than the people living in any of the other rich countries around the globe. And the American dream may be to blame. These days the children of those at the top … Continue reading

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Money Growth Does Not Cause Inflation! | Forbes

It is conventional wisdom that printing more money causes inflation. This is why we are seeing so many warnings today of how Quantitative Easing I and II and the federal government’s deficit are about to lead to skyrocketing prices. The … Continue reading

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What Actually Causes Inflation (and who gains from it) | Forbes

I made a post two weeks ago in which I explained that the popular view of inflation (wherein it is caused by money growth) depends critically on assumptions that do not hold in the real world. Money comes into existence … Continue reading

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Myths and Realities About the US Economy | Money Morning

When it comes to the U.S. economy, myths and misleading statistics abound. Are taxes the highest they’ve ever been? Is the country’s spending at record levels? Are the majority of products U.S. consumers buy produced by low-wage workers overseas? The … Continue reading

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