Cards Quote by Stephen Moore
“Question: Why does anyone bother to listen to economists anymore? The profession has become an embarrassment, and the most respected economists have shown themselves to have as much predictive power as a deck of tarot cards.”
About This Quote
Critiques the diminishing credibility of economists, comparing their forecasts to random fortune‑telling.
In simple terms: Economists seem unreliable now.
Question skepticism toward economic predictions.
Themes
Mood
Type
When to use this quote
- policy debates
- investment decisions
- media consumption
- academic discourse
Key Concepts
Questions to Reflect On
- Why do we still rely on economists?
- How can the field improve its predictive power?
Economics still offers valuable frameworks despite failures.