{"id":5102,"date":"2016-03-09T08:17:11","date_gmt":"2016-03-09T12:17:11","guid":{"rendered":"https:\/\/www.urbin.net\/blog\/?p=5102"},"modified":"2016-03-09T08:17:11","modified_gmt":"2016-03-09T12:17:11","slug":"5-economic-myths-that-just-wont-die","status":"publish","type":"post","link":"https:\/\/urbin.net\/blog\/economy\/5-economic-myths-that-just-wont-die\/","title":{"rendered":"5 Economic Myths That Just Won\u2019t Die"},"content":{"rendered":"<p><a href=\"http:\/\/fee.org\/articles\/5-economic-myths-that-just-wont-die\/\">A dose of economic reality from the Foundation for Economic Education<\/a>. \u00a0Read the whole article for the facts. \u00a0I&#8217;ll just list the five debunked myths here.<\/p>\n<p><strong>Myth 1. The idea that economic growth helps the poor is trickle-down economics \u2026 it doesn\u2019t actually help them.<\/strong><\/p>\n<p><strong>Myth 2. Free trade doesn\u2019t lead to better economic outcomes in the real world.<\/strong><\/p>\n<p><strong>Myth 3. The government ended child labor. In a free market, child labor would still exist.<\/strong><\/p>\n<p><strong>Myth 4. Countries like Sweden and Denmark prove that high taxes don\u2019t harm economic growth.<\/strong><\/p>\n<p><strong>Myth 5. Capitalism isn\u2019t economically superior to socialism.<\/strong><\/p>\n<p>I&#8217;m going close with a few\u00a0quotes from a former President who would be driven out of the modern democrat party on a rail.<\/p>\n<p>&#8220;Every dollar that released from taxation, that is spent or invested, will create a new job and a new salary&#8221;<\/p>\n<p>&#8220;It is a paradoxical truth that tax rates are too high and tax revenues are too low and the soundest way to raise the revenues in the long run is to cut the rates now &#8230; Cutting taxes now is not to incur a budget deficit, but to achieve the more prosperous, expanding economy which can bring a budget surplus.&#8221;<\/p>\n<p>&#8220;The great enemy of the truth is very often not the lie \u2014 deliberate, contrived and dishonest, but the myth, persistent, persuasive, and unrealistic. Belief in myths allows the comfort of opinion without the discomfort of thought.&#8221;<\/p>\n<p>The former President \u00a0I quoted was John F. Kennedy. \u00a0The NRA Life Member who was shot and killed by a member of the ACLU.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A dose of economic reality from the Foundation for Economic Education. \u00a0Read the whole article for the facts. \u00a0I&#8217;ll just list the five debunked myths here. Myth 1. The idea that economic growth helps the poor is trickle-down economics \u2026 it doesn\u2019t actually help them. Myth 2. Free trade doesn\u2019t lead to better economic outcomes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_themeisle_gutenberg_block_has_review":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6,19],"tags":[293,294],"class_list":["post-5102","post","type-post","status-publish","format-standard","hentry","category-economy","category-politics","tag-economics","tag-economy"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pab4zg-1ki","jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts\/5102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/comments?post=5102"}],"version-history":[{"count":0,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/posts\/5102\/revisions"}],"wp:attachment":[{"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/media?parent=5102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/categories?post=5102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/urbin.net\/blog\/wp-json\/wp\/v2\/tags?post=5102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}