Good post here: Why Nobody Will Tell You The Truth
"The fact is, virtually all of the people who weigh in on the subject — from economists to analysts to bankers to investors — sit somewhere near the top of that hierarchical society. The hierarchy is constructed atop the meritocracy myth, which is used to justify otherwise indefensible manifestations of inequality. Blaming monetary policy for everything obviates the need to face an uncomfortable reality: The hierarchy, like almost all historical hierarchies, isn’t natural. Rather, it’s the product of a system which, over time, evolved and optimized around itself in order to preserve the privileges accorded to the people at (or near) the top of the pyramid."
and
"Week in and week out, the same economists, analysts, bankers and investors deliver what’s supposed to count as a “diversity of opinion” around the proper course for policymaking. In fact, though, they’re all talking down from the top of a hierarchy they assume is legitimate."
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