Question: whats common myth in your field that most people believe but it is scientifically wrong?

Sally Odunga answered on 11 Jul 2025:

One common myth in economics that many people believe but is scientifically wrong is that “printing more money will make everyone richer.”

At first, it might sound like a good idea: if people need more money, why not just print more?

But in reality, printing too much money causes inflation, which means the prices of goods and services go up. So even though people have more money in their pockets, that money can buy less than before making life more expensive, not better.

So in economics, we learn that money must be managed carefully to keep the economy stable.