- Price is not a good measure of value,
- investments can be profitable at a loss,
- too much saving can make us poorer,
- our economiesÕ current growth dependence is the biggest obstacle to economic growth,
- capital income taxes are not very effective at reducing the profits of investors,
- taxing land value can lower rents,
- income differences have little to do with productivity,
- inflation has little to do with the quantity of money, and
- there is no conflict between flexibility and security.
This book bashes the myths of both the political left and the right - mercilessly exposing the assumptions, mental images, and moral biases behind economic theories and the claimed effects of different policies. Whether you are a policy maker or just want some fresh perspective and arguments for kitchen table discussions, this book wonÕt leave you cold.