(The following was sampled from The Huffington Post.)
The good news is that two myths that caused great confusion over the last several years are now headed to the trash bin of history. While many prominent pundits may still repeat them to demonstrate that prominent pundits really don’t have to care about reality, everyone in the reality-based community now knows them to be nonsense. The first is the myth of the young invincibles and Obamacare. The story was that the success of Obamacare depended on getting healthy young people to sign up. Supposedly we needed the healthy young’uns to subsidize the rest of the population. The other big myth that got killed in 2014 was that we needed to fear deflation. This was not only silly — sorry, folks, but there is no magic to crossing zero — but it had important policy implications.