‘The Pretense of Knowledge’
Fifty years after Bretton Woods, we’re in an inflationary spiral with the Federal Reserve trying to curb demand while Congress spends more money. It’s hard not to wonder whether this is owing to the dollar having been left in the hands of economists.

“ . . . the economists are at this moment called upon to say how to extricate the free world from the serious threat of accelerating inflation which, it must be admitted, has been brought about by policies which the majority of economists recommended and even urged governments to pursue. We have indeed at the moment little cause for pride: as a profession we have made a mess of things.”
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