The time has come to question everything you hear about markets and economics. Discussing some flaws and fallacies about money and banking makes a good place to start.

In a recent television interview, The Chairwoman of the President’s Council of Economic Advisors (Christina Romer—Chairwoman 2009-2010) said, “The public sector must keep spending until the private sector can take over.” The interviewer said nothing.

If television interviewers won’t ask, the time has come for you to ask, “Hey lady, where do you think the public sector gets its money?”

(The people have changed but the question has not.)

A PDF version of this article: Economic Flaws & Fallacies, Money & Banking