Understand the Economy Part 3: Why is Inequality Ignored?

Wealth inequality is skyrocketing globally, yet it remains largely overlooked by economists and media alike. A critique challenges the narrow mathematical focus in economic education, suggesting it skews perceptions of pressing issues. The discussion draws parallels to Copernicus to emphasize the need to question outdated models. Additionally, reliance on interest rates in crises is scrutinized, revealing the flaws in mainstream thought. Ultimately, the podcast advocates for increased public awareness to tackle the widening economic divide fueled by elite interests.