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Money myths that make most poorer
CHRIS MENON challenges some of the popular misconceptions which disguise how the economy is run in the interests of a tiny minority

THERE are many money myths that are used as intellectual cover to maintain a financial system that benefits an elite at the expense of the majority. 

These orthodoxies are repeated ad nauseam in most mainstream media and are rarely questioned in public discourse. Here are three:

 

Final-salary pension schemes are unaffordable

Rising house prices are due to a shortage of housing

Fiscal austerity was needed

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