Motley Fool: 3 Economic Misconceptions That Need to Die

Posted by Jordan Smyth on February 17, 2012

A Motley Fool article from last fall, recently cited in DailyFinance, highlighted three misconceptions regarding the US economy:

1: Most of what Americans spend their money on is made in China.

2: We owe most of our debt to China.

3: We get most of our oil from the Middle East.

Whether or not you believe these to be true, click here to see how the author debunks these notions in an attempt to try to focus the debate over economic policy.

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