Warning this is a very difficult subject. Please consider responding before voting me down. Economics is plagued by three major problems. - History - Momentum

Warning this is a very difficult subject. Please consider responding before voting me down. Economics is plagued by three major problems. - History - Momentum - Incentives I do not believe it is reasonable to believe that economics is a tool of elite bankers even though they are clearly the most well supported humanity subject in colleges. What I do think what happened was after ww2 we solidified on a ya reserve currency (vs bancor) and an economic model which assumes a loanable funds model. Because so much of central banking is about stability and predictability, the fed has mostly acted along the same framework since the 40s. However, we are starting to see a change in the policy of the english and german central banks. This is probably due to the super toxic italian Euro -> German Euro arb and brexit. Europe is going to deploy australian style relief in the upcoming european economic disaster