If you pay attention to social media, or even just talk amongst your friends, you may have heard some awful things about the economy. Many people, Republican and Democrat, are convinced that things are simply not improving. The feeling tends to be stronger among Republicans, especially Tea Partiers, who believe that socialist policies are still killing us. But the mood crosses party lines rather fluidly.
It boils down to six persistent myths about our economy today. Some are based on old news, taken from horror stories from the depths of this depression around 2010. Some are simply wrong. But all of them reinforce the emotional reason why this is indeed a depression, a dark feeling shared across society. It’s also rather wrong. Let’s run them down.