I think typical economists like to think of the world as a perfectly rational system. They look at the world from the lens of some bullshit econ 101 nonsense.

I think typical economists like to think of the world as a perfectly rational system. They look at the world from the lens of some bullshit econ 101 nonsense. Extraordinary economists figure out that reality is super complicated, often uncontrollable at all. All you can do is experiments. A real example of this is the Bernanke asset inflation. All he could think about is assets and recovery of banking system. He thought like a middle aged man who just has a few more years to live. It never once occurred to him that his policies could eat up childrens future. Even if it did occur, future monetary policies never went back to "normal" or equitable. As a result, the vast disparity today is just asset holders vs non-asset holders. This has nothing to do with wages. I lay blame on monetary policies and politicians with zero knowledge relying solely on monetary policies to define a future. The govt needs more educated people.