On a deeper level, economists generally don't know what they're talking about. They create linear models of nonlinear systems, they assume Gaussian distributio

On a deeper level, economists generally don't know what they're talking about. They create linear models of nonlinear systems, they assume Gaussian distribution when fat tails are common and their assumptions about rationality don't align with people's actual behavior. Trusting the models of economists to manage economies gives us the ability to trade a little bit of efficiency for a large amount of risk.