How many times have you heard someone say, "I can't understand this [...] it's too difficult [...] let's just have the experts deal with it"?

And how many times the subject matter was Economics, Fiscal Policy, or Monetary Policy?

We're told we should leave it to the experts, and yet often times the problems we find ourselves in were created by these very "experts", who now pontificate on what we should do. How ironic.

We have an intuitive grasp of many things in life. Economics is certainly not an easy subject, but behind the curtain of the obscure language of derivatives and quantitative easing, there are actually some pretty simple concepts that everyone can understand and should be familiar with.

And this is what Ha-Joon Chang, leading Economist who consulted for the World Bank, the Asian Development Bank, the European Investment Bank, Oxfam and various United Nations agencies, is arguing in this video.

Chang dispels the notion that Economics should be relegated to experts and explains why every single person can and SHOULD get their head around basic economics.

This is also the main argument of a book by William Easterly, Professor of Economics at New York University who specializes in economic development and who wrote The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor.

We're told that, unless we are university professors who authored many papers, we couldn't begin the understand monetary policy, the fractional reserve system, let along implement one.

AND YET, HERE WE ARE

We're learning, w're testing, we're trying. With blockchain and cryptocurrencies, we're essentially running a real-life experiment in monetary policy, without governments, red tape, and years of waiting for permission.

We have an idea, we implement it, we test it. And we improve.

I'm very curious to see how the Steemit Economy will evolve.