Thanks Jonathan, yes I would agree with you that monetary policy has had a major role to play in our current economic conundrums. So-called "quantitative easing" (basically money printing) and 0% interest rates were the tactics adopted by central banks for years after 2008 in an apparent bid to stimulate the economy, when in reality all these efforts managed to do was further concentrate wealth at the top of this pyramid scheme and vastly distort the market, as big business opted to borrow to buy back their own shares as opposed to spending on necessary innovation or wage increases.
I find it amusing how deeply contradictory neoliberal capitalists are: they claim to want to keep governments out of the economic arena and that the market is "self-regulating," yet every 10 years or so when the entire house of cards inevitably comes crashing down, they are the first to come looking for hand-outs and help. But when the governments attempt to support the people in any way, say by raising the minimum wage to stay on par with inflation, they cry bloody socialism!
I'm not surprised the average citizen is completely baffled by the logic of modern day economics - none of it really makes sense to anyone but the corporate beneficiaries.
Shaping our entire socio-economic structures around the whims of these literal gangsters has been disastrous in every aspect of contemporary life, from the labour market, to housing, to healthcare, to transport...on and on.
I'm glad the Nepo Baby issue has garnered widespread attention among Gen Z, because they're the ones who will suffer the most from the establishment of this new gilded aristocracy. I'm telling you, once they realized how f**ked their future really is, the pitchforks will be out en masse.