From venture capitalist, Bill Frezza, on RealClearMarkets.com:
Economics is not called the dismal science for nothing. Many professional economists go to great lengths to obscure simple truths inconvenient to their political masters. The media then promote these obfuscations, which are designed to appeal to a misinformed electorate. And that is the truly dismal part.
Much of the economics politicians peddle – and voters think they know – is pure bunk. For a different perspective, here are 10 common sense propositions I challenge political economists to refute.
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