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Eligibility criteria apply. Economics affects everything in the world around us, but how much power economists have?

It's not the case that economists got to... But how much power economists have?

It's not the case that economists got to run the country

and do whatever they wanted.

But nor is it the case that policy makers

could have gotten to these places without the help of economists.

I'm Simon Long, an editor here at The Economist, and you're listening to Money Talks. But first Argentina's economy is in crisis again. The Argentinian president, Maritzio Macri, has imposed capital controls in an attempt to contain the country's escalating financial troubles.

Last month, the peso fell to a record low, and the country's been in deep recession with inflation

running at over 50%.

Argentinians are more likely to favour converting their pesos into dollars and their

bank deposits into banknotes safely tucked inside a mattress.

These problems aren't new. Last year the International Monetary Fund approved a

57 billion dollar loan to try to support the economy.

...