Taking a stripped back, inexpert view at a thing to see if it works, inexpertly: the economy

Etching showing a roman emperor pouring money into a large chest, as a man is led away by guards and a dog watches.
The Roman emperor Valens pours money into a coffer; an officer is arrested and led to prison. Etching by C. Murer after himself, c. 1600-1614. Wellcome Collection. Source: Wellcome Collection.

A thing happens when someone knows too much about a given thing. When they know too much about the theory of a given thing – not so much when when they have a lot of experience of the practical side. In fact I think dismissing the realities of the practical sides of things is a crucial component of this thing that happens.

You know this. You've seen takes from someone so lawyer brained or politics brained or business brained that they seem completely divorced from reality. Now I'm no expert but I think this is doing incalculable damage to everything everywhere all of the time.

It could be argued, inexpertly, (and here I am arguing it inexpertly) that one of the problems with everything everywhere is that most of the people impacted by political decisions know too little about political theory to recognise the source of their problems, and most of the people who know a lot about political theory are so inured from political decisions they've forgotten it's possible to even be impacted by them.

But I'm not here to talk about politics (not directly, everything is politics). I'm here to talk about the economy. Because economist brain is a real trip and so many of the people making important decisions about how we all have to live are properly economist brained.

It'll take an idiot to stop, take a step back, and look at how this is all supposed to work in the first place. Let me be that idiot for a moment.