Source: The Daily Economy
by Iain Murray
“To listen to some people, you’d think that America had been run by economists — and specifically free-market economists — for the last fifty years or so. Of course, this isn’t really true, as any glance at the ever-climbing nature of federal spending or regulations would show you, but whatever influence economists might have had is being jettisoned in favor of what my late friend, the British economist David Henderson, called ‘Do It Yourself Economics.’ … He describes ‘Do It Yourself Economics’ (DIYE) as ‘economic policies [that] have been influenced or decided by firmly held intuitive economic ideas and beliefs which owe little or nothing to economic textbooks or treatises, or to the evidence of economic history.'” (06/12/25)
https://thedailyeconomy.org/article/the-resurgence-of-do-it-yourself-economics/