The Trump-loathing American left has spiraled out of control.

Back in 2005, some of the world’s top economists gathered at Jackson Hole, Wyoming (USA). This place is known for gathering of top central bankers around the world. 

Nineteenth century historian Thomas Carlyle called economics "the dismal science" because of its predictions about scarcity and poverty. Those are immutable features of all societies, which explains why his snarky term remains widely used. Modern economics writer Thomas Sowell captured the same idea, but expanded upon it. "The first lesson of economics is scarcity: there is never enough of anything to fully satisfy all those who want it," he wrote. "The first lesson of politics is to disregard the first lesson of economics."