Dean Baker: The Biggest Economic Myths, Debunked

December 16, 2014 | With the holiday season upon us, the time for end-of-year lists is fast approaching. To beat the rush, today I give my list of the top dead and enduring myths of 2014.

The good news is that two myths that caused great confusion over the last several years are now headed to the trash bin of history. While many prominent pundits may still repeat them to demonstrate that prominent pundits really don't have to care about reality, everyone in the reality-based community now knows them to be nonsense.