But what if the vibes, and the podcast I listen to regularly tells me otherwise? My uncle last thanksgiving made a very compelling case that the Fed is a tool of Soros and Schwab, thus I know exactly what macroeconomic policy they should pursue (abolish central banks, return to the gold standard and bitcoin). These “economists” who say otherwise are clearly being paid off/compromised by the global elite and/or billionaires and/or coastal liberals to inflate away my earnings anyways.
But what if the vibes, and the podcast I listen to regularly tells me otherwise? My uncle last thanksgiving made a very compelling case that the Fed is a tool of Soros and Schwab, thus I know exactly what macroeconomic policy they should pursue (abolish central banks, return to the gold standard and bitcoin). These “economists” who say otherwise are clearly being paid off/compromised by the global elite and/or billionaires and/or coastal liberals to inflate away my earnings anyways.
On balance my guess is that society would be immensely richer if policy reflected consensus economics.
Maybe not everyone would be better off, but the average person probably would be.