Author(s): Carmen Madra
Economic misconceptions are widespread and often shape public opinions and policymaking in ways that may not align with economic realities. Misunderstandings about inflation, taxation, government debt, trade, and economic growth contribute to misguided debates and policy decisions. This article explores some of the most prevalent economic myths, examines their origins, and provides fact-based explanations to clarify these misconceptions. By fostering a more accurate understanding of economic principles, this article aims to promote informed decision-making among individuals, businesses, and policymakers.