BMI's Top 10 Economic Myths of 2007

That's right folks, it's that time of year. There was plenty of economic bias in 2007 and the Business & Media Institute had a hard time whittling it down to just a top 10 list, but we did it.

10. Airlines are solely to blame for the unfriendly skies.

Media myth: Blame the airlines for all those flight delays; never mind the obsolete government-run agency creating the gridlock.

9. Consumer spending is the be-all, end-all of the economy.

Media myth: Without excessive consumer spending - especially at Christmastime - the U.S. economy will collapse.

8. The stock market is trouble, whether it goes up or down.

Media myth: One day the stock market can't sustain growth; the next, we're just one drop away from another crash.

7. Anyone who ‘denies' global warming shouldn't be taken seriously.

Media myth: Global warming could cause a ‘century of fires,' just as it has created allergies and ended winter fashion. If we don't do something now (i.e. spend hundreds of billions of dollars), it's only going to get worse.

6. You'd better not eat/drink that!

Media myth: Forget the right to eat as you please; the nanny-state knows better.

And that's not even the top five, so here's the rest of the list complete with video for each section.


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Julia A. Seymour's picture