As a service to humanity, I decided to rip off the title for today’s blog from an article that was published on Monday (February 7, 2011) in the Washington Times – Destructive economic myths. My blog is highly rated by Google so if some innocent bystanders happen to go searching for that article they might also bring up my blog, get confused, click my link instead of the Washington Times and learn some facts that will help them oppose the political nonsense that both sides of politics in the US is engaged in at present – as the vote to change the debt ceiling approaches (March 1, 2011). I might be too late but it is worth a try*. Anyway, the austerity push is being justified by recourse to the same misinformation and lies that was used to deregulate the world economy (particularly the financial system) which led to the financial and then economic crisis that still endures. Talk about destructive economic myths!