If putting economists in charge somehow curtails monopolies, externalised costs, tragedies of the commons and boom and bust business cycles then someone really should sit down and get that news out there. Nothing I've heard suggests economists outperform a healthy democratic process.
Monetary policy is one that is more up for debate - it seems reasonable that it can have a positive effect on gdp, but something has decoupled GDP from measures that actually effect people. I think that something is monetary policy, and note in passing that GDP was, prior to 1970, a much better proxy for energy/capita than it is now [1].
I watch the US economy with curiosity and note, for example, that core inflation, the central plank of US monetary policy, excludes basically anything I spend money on.
Monetary policy is one that is more up for debate - it seems reasonable that it can have a positive effect on gdp, but something has decoupled GDP from measures that actually effect people. I think that something is monetary policy, and note in passing that GDP was, prior to 1970, a much better proxy for energy/capita than it is now [1].
I watch the US economy with curiosity and note, for example, that core inflation, the central plank of US monetary policy, excludes basically anything I spend money on.
[1] EDIT: https://wilcoxen.maxwell.insightworks.com/pages/804.html