Saturday, January 3, 2009

Economics Isn't the Only Science Filled With Myths

The British Medical Journal has listed several common medical myths:

Sugar does not cause hyperactivity in children.

You don't lose excess body heat from your head.

Eating at night does not make you fat.

There is no scientific evidence that you can cure a hangover.

Shaving does not cause hair to grow back faster, darker, or coarser.

Reading in dim light will not destroy your eyesight.

You don't need to drink eight glasses of water a day.

I could go on for years listing Economic Myths. Here are seven:

Hoover did nothing to fight the Great Depression and that's why it got worse. (see Murray Rothbard)

FDR's policies helped end the Great Depression (See Harold L. Cole and Lee E. Ohanian)

World War ll ended the Great Depression (See Robert Higgs)

Gold is a barbarous relic. (See Rothbard)

Taxation can be neutral. (See Rothbard)

Rent controls are great for all renters. (See F.A. Hayek and Milton Friedman)

Recycling fights waste. (Per Bylund)

1 comment:

  1. Maybe we should add...

    "Minimum Wage laws help the poor"

    By the way I noticed that the 'Business & Media Institute' have also recently posted a list of the "The Media's Top 10 Worst Economic Myths of 2008"."