Misinformation does not exist, nor does disinformation. They are words created to be able to call someone a liar without addressing any facts, they were created to shut people up, shut down debate, and in general make it much easier to declare oneself right and an opponent wrong and evil and stupid.

To explain Japan’s economic problems, Paul Krugman employed a model that assumes people are identical and live forever. While admitting that the model is not realistic, Krugman nonetheless argued that his model could still offer solutions to the crisis.

[This article is Chapter 1 of Breaking Away: The Case for Secession, Radical Decentralization, and Smaller Polities. Now available at Amazon and in the Mises Store.]