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Some American myths go all the way back to the nation’s founding. Like the one where, as a young boy, America’s first president, George Washington, felt compelled to tell the truth about taking a hatchet to his father’s cherry tree because he could not tell a lie. "There are plenty of lies that are kind…

Collection of essays aims to debunk historical myths

By Michael J. Douma Arguments about inflation are nothing new. For most of the history of the term, inflation did not mean rising prices but rather rising prices were one of the consequences of inflation. The linguistic debate might seem arcane or unnecessary, but how we use words matters, and to economists with theories built […]