Myth 1: the trade deficit reflects U.s. competitiveness
Myth 2: the current account deficit drives the dollar
Myth 3: you can't have too much money
Myth 4: labor market flexibility is the key to U.S. economic prowess
Myth 5: there is one type of capitalism
Myth 6: the dollar's privileged place in the world is lost
Myth 7: globalization destroyed American industry
Myth 8: u.s. capitalist development prevents socialism
Myth 9: the weak u.s. dollar boosts exports and drives stock markets
Myth 10: the foreign exchange market is strange and speculative
Summary and some thoughts on the way forward.