It's not a semantic issue, in practice the comment you responded to is more correct than not. The "in 101" etc comment is condescending, and more wrong than rig

It's not a semantic issue, in practice the comment you responded to is more correct than not. The "in 101" etc comment is condescending, and more wrong than right. There are two fairly distinct realities - economists are in fact calling the shots at central banks, usually, and the analysis is more complex. But the rest of policy setting is not, and it's the majority.