video UK · 22 May 2022

Multi Millionaire Ex-Trader Explains Exactly why Economics is Totally Broken

This video argues that mainstream economics is fundamentally broken because the most talented economists are incentivized to work in high-paying, secretive trading roles, while those in academia, media, and government, who are paid less and often from privileged backgrounds, offer consistently incorrect analysis without accountability, leading to disastrous economic policy.

By Gary Stevenson

Mentions Rishi Sunak, Andrew Bailey

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Arguments in this video

Curbs extreme inequality Gary Stevenson · 01:28
“a big jump in inflation, a crisis of inequality and cost of living crisis for ordinary people”
Government spending is too high Gary Stevenson · 11:11
“you give £450 billion to the rich and then you say we're going to help with five billion pounds it's not it's not going to it's not going to help right”
Raises real revenue Gary Stevenson · 01:10
“in the last two years the government printed £450 billion pounds an unbelievably huge amount of money and effectively transferred that money to the richest”