And of course this is precisely what economic and monetary theory need to do.

Posted to RWER Blog  by Dean Baker 02/20/2016

Yes the system is as you say. And it really is not that subtle, its mostly that we are so conditioned to think that it is the correct and benevolent one we’re supposed to believe in. If we literally stood on our heads, we’d see BOTH the world AND ourselves…as they actually are.
And of course this is precisely what we need to do with economic and monetary theory as well.