Economic Myths

Nice description here of why the following statements are MYTHS:

1. The cost of living has steadily risen throughout the 20^th century, especially the last few decades
2. The 1980s were a decade of greed.
3. The rich are getting richer and the poor are getting poorer.
4. Wages have fallen in the last 20 years and the market is only creating bad jobs.
5. We are running out of various resources.

There are many more myths, of course, but the internet is only so big.