Economists tend to get a lot of credit. The challenge is that the following of their theories usually ends up poorly.
In this video I discuss how Alan Greenspan was known as The Maestro yet he didnt even understand what money is. At least he was honest enough to admit that. For some reason, we keep listening to economists when they do not run the world.
If we want to create another monetary system, we have to understand those who do run the world and it is the bankers.
▶️ 3Speak
Economists are probably the ones in charge of explaining the economy, of giving a logical justification to the movements of the mass of money. They cannot control it because they do not possess it. Even in the few cases in which an economist has led a country (Ecuador, Argentina), he is only the one who issues norms to try to regulate its use, to print it in large quantities, although the big decisions are made by bankers and multinationals.