Maybe you think you’re more informed and that while the general public might not have a good grasp on economics, you basically know what you’re talking about. But what if I begin to question you as to your thoughts on whether Britain is currently in a liquidity trap?

Bitch, I made it all the way through Piketty, read Reinhart and Rogoff before it was cool and can tell you why Currency Wars is a stupid book. That doesn't make me an expert on economics, but it allows me to say that the reason everyone thinks they know more economics than they do is that Economists don't know what the fuck they're talking about. So when you question me as to whether Britain is in a liquidity trap I'll say "well, that's a piece of jargon coined by economists to make you think they know something you don't when in actuality what they mean is 'does Britain have enough spending money'" which is prima facie the nonsense question it looks like.

Why is it that we are comfortable letting experts tell us what is best when it comes to medicine but when economists are telling us something, we largely ignore it and assume that we know better?

Because economists destroyed the economy. Or are we going to blithely ignore that?