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UNLOCKED Betting Against the Future: the economics of inequality w/ Gary Stevenson

Macrodose

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The Importance of Understanding the Economy

"You don't know shit about the economy. You need nobody to realise that, because that is your career," he says. "If you are watching BBC News for free, and then a good economist can get paid £2 million a year over there to say nothing, the end result is the economic analysis you get is nonsense." 'It would be insane to get a good undergraduate degree in economics and not be from a rich family and stay in academia,' he adds.'I've been at these universities, right? This is what happens when you do economics degree.'

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