Most Australians aren’t economists and neither are our politicians

Chief Economist Richard Denniss talks econobabble with Dr. Karl on his podcast Shirtloads of Science.

Dr Karl and Richard Denniss talk econobabble

“99 percent of Australians aren’t economists and 99 percent of politicians aren’t economists.

“So whenever you hear a politician speaking to an audience in the language of economics, understand that they don’t speak it, they know you don’t speak it, so why are they using complicated jargon when they should just be talking to their constituents in plain English?” says Richard Denniss, Chief Economist at The Australia Institute.

“Markets reacted angrily today to news that the government is considering tightening fin capitalisation provisions”

Translation?

“Rich foreigners reacted angrily today at news they might have to pay tax on profits they earned in Australia”

an independent think-tank based in Canberra > australia.org.au

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