Do economists know anything about economics?

In relation to our article want-more-economics-students-drop-the-obsession-with-mat

Bob Pearce, Adelaide SA, Feb 4, 2025

Watching a variety of economists on a variety of TV shows, I have my doubts if economists know anything about the economy or if any two economists or politicians agree on anything.

None of them seem to understand even the most basic concept that if you don’t have an income you can’t build / do / supply / repair anything.

Take it as a given that nobody wants to pay taxes and everybody wants services . No matter how you dress it up, whatever you promise has to be paid for either by taxes, loans or substandard services.

Australia, a would-be wealthy country, has substandard services because it has too many economists with opposing opinions, too many career politicians and increasingly too big a gap between the haves and have-nots, too few paying a fair share of the needed income. All talk, no action.

We haven’t always been like this; take a look at our aging infrastructure most of which was sold off to keep taxes low and now need as much government assistance to upgrade as they did to originally build.