Mainstream macro economics is 'captured', and they have been behaving like high priests justifying dubious policies. [1] The 80s onwards have seen massive CEO

Mainstream macro economics is 'captured', and they have been behaving like high priests justifying dubious policies. [1] The 80s onwards have seen massive CEO pay increases, financialization, asset inflation, deregulation, the vulgar celebration of greed by economists and on the other side wage stagnation, increasing inequality, the 2008 crisis and endless bailouts. Greenspan and others are happy to gloat about cornering labour in Congress [2]. This is an odious statement made without protest from members. Macro economists can continue to be tone deaf and believe the narratives of emh, rational expectations, 'freetrade' and 'assumptions' that are disconnected from reality but there is now significant dissent and resistance to these narratives. [3] Evonomics is a good place to start getting a perspective of the scale of problems, and people need to do this untill there is a complete meaculpa and clean up of corporate and vested interests, untill then every single thing macro economists say needs to be questioned and verified. [1] https://paulromer.net/wp-content/uploads/2016/09/WP-Trouble.pdf https://paulromer.net/wp-content/uploads/2016/09/WP-Trouble.... [2] https://www.federalreserve.gov/boarddocs/hh/1997/february/testimony.htm https://www.federalreserve.gov/boarddocs/hh/1997/february/te... [3] http://evonomics.com/economyths-five-stages-economic-grief/ http://evonomics.com/economyths-five-stages-economic-grief/