Thursday, 31 July 2014

Six Current Economic Myths and Realities

Austrian economist Patrick Barron recently listed "Six Current Economic Myths and Realities" in an article:

Myth #1: Increased money leads to economic prosperity.
Myth #2: Manipulating interest rates leads to economic prosperity.
Myth #3: Lowering the foreign exchange rate of the currency, to give more local currency in exchange for foreign currency, will lead to an export driven economic recovery.
Myth #4: Money expansion will not cause higher prices.
Myth #5: More, better, and more vigorously enforced regulations can prevent loan and investment losses.
Myth #6: Government can prevent hyperinflation. 

Read his comments on each here.