I disagree almost entirely with this take, and I have very detailed opinions on this topic, which was the subject of my economics thesis and also named two of my companies and my HN username.
But alas it’s a Friday night and I am on my phone and I just don’t have it in me to type out a detailed rebuttal with my thumbs.
I am however curious about your background as you’re clearly well informed despite my violent disagreement.
What is your background in economics and do you have a school of thought, author, etc that you would use to describe the alternate point of view you’re presenting here, for further reading?