The majority of my tribe, economists have been getting it wrong for decades, if you go back and look at economic research from the seventies, nobody is talking about coming inequality. Yet inequality afflicts the West, dominating politics. This week, in a not-so-groundbreaking revelation, Ben Bernanke's report on the Bank of England's failures shows us how out-of-touch economists really are. Economists need to get out more, mix a bit, walkabout more! A blind faith in mathematical precision has clouded our judgment. Humans are messy and economics is about humans, so let's be messy.

Pre-order Money:A Story of Humanity here: https://linktr.ee/moneydavidmcwilliams

Join the gang! https://plus.acast.com/s/the-david-mcwilliams-podcast.

Hosted on Acast. See acast.com/privacy for more information.