Most people get their economic information through Internet memes and hit pieces filled with nonsense. A common theme is that the forceful hand of government is all that is needed to make things right.
For example, everyone “knows” that government laws ended child labor, and that the New Deal ended the Great Depression, but are these actually valid claims?
Here are five such myths that too many people just accept as true.
Myth 1. The idea that economic growth helps the poor is trickle-down economics … it doesn’t actually help them.
In a 2001 paper titled “Growth Is Good for the Poor,” economists Art Kraay and David Dollar of the World Bank found that when average incomes rise, the average incomes of the poorest fifth of society rise proportionately. This result held across regions, periods, income levels, and growth rates. In 2013, more than a decade after their original paper…
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Utopia, you are standing in it! 
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