"What people learn from running a business won’t help them formulate economic policy. " This is very, very false. Yes - a nation is not a 'company' - but most

"What people learn from running a business won’t help them formulate economic policy. " This is very, very false. Yes - a nation is not a 'company' - but most people do work for companies, and arguably the most important metric in the nation is 'employment'. People who are employed are happier, fruitful, they pay taxes, they don't consume as many free government services etc.. It's definitely fair thing to say the country 'should not be run like a business' - but as we have seen with Obamacare - and the US' messed up overseas taxation scenarios - I think it does help to have a good understanding of the reality of business etc.. Also - one could argue that 'Economics' is not really even a science in the classical sense. Economists can't predict much, they never agree with one another even on the most fundamental issues.