Want an example? Check out the Uneconomics initiative and its “exposé” of how banks create money. Who could have imagined: private banks actually create money out of thin air when they make loans, and this creates the potential for economic volatility due to over- and undersupply. These secrets, supposedly covered up by sneaky economists and other elitists, are revealed by radical social critics, and we should be shocked, shocked.
Banking is a system that runs on make-believe and survives on ignorance.
Does it matter that a significant swath of the left thinks that standard stuff in a money and banking course is a great discovery that will shake capitalism to its foundations? And if I complain, am I just defending my own privileges as a so-called expert? Funny, I thought the reason to spend years of my life learning an intellectual speciality was to be able to make a contribution. Sorry about that.