Ken and Robert,
This is correct. The problem is we haven’t become conscious enough of an underlying concept that would enable us to formulate and align policies for both the economy and the government that would effect satisfactory personal freedom and distribution of demand.
That plus we’re still stuck in flawed beliefs like general equilibrium when there still remains a basic disequillibrating factor that is inherent not only to the present modern capital intensive character of the economy, but to the laws of thermo-dynamics themselves. In other words we’re trying to overcome entropy which is an impossible task….unless you utilize Wisdom instead of mere calculation or even intellectualization and integrate policies reflecting the economic and monetary equivalent of non-entropy into the economy. In essence we require at this point a Wisdomics instead of a mere economics.