Their career exists based on not understanding that.

I'm a high school economics teacher and it's bewildering to me as well. Especially how much time and energy (tail chasing) goes into artificial "fixes" for income inequality rather than addressing the root causes.

#Bitcoin will set us free https://m.primal.net/Kolt.jpg

If even they believe it is that simple, a large majority of their jobs do not need to exist, so their incentive is to protect their livelihoods.

A lot of them seem to think debasing is the solution to inequality

Intellectual lazyness of people that are paid to keep their brains and mouths closed.

I was an econ major. I think partially the reason why they don't teach econ properly is that there is a inferiority complex when it comes to more rigorous hard sciences like physics. If you look at a modern econ textbook, especially macro, it's filled with equations to compute meaningless enigmas th...