Allowed Quote by Tim Harford

It is absurd to think that the general public can ever make money out of market forecasts.

— Benjamin Graham

We really can't forecast all that well, and yet we pretend that we can, but we really can't.

— Alan Greenspan

Economists did something even better than predict the crisis. We correctly predicted that we would not be able to predict it.

— William Easterly

Economists are about as useful as astrologers in predicting the future (and, like astrologers, they never let failure on one occasion diminish certitude on…

— Arthur M. Schlesinger, Jr

When better business decisions are made, economists won't make them.

— Anonymous

Economists are people who wonder if what works in reality can also work in theory.

— Ronald Reagan

When you have a perfect free market, it's difficult to predict the future. But when you have a market that is disturbed by government…

— Marc Faber

What do you call an economist with a prediction? Wrong.

— Robert Kuttner

Question: Why does anyone bother to listen to economists anymore? The profession has become an embarrassment, and the most respected economists have shown themselves…

— Stephen Moore

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen.

— Earl Wilson

One of the soundest rules to remember when making forecasts in the field of economics is that whatever is to happen is happening already.

— Sylvia Porter

We're not very good at forecasting, and we don't know how to measure the impact of economic policy.

— Edgar Fiedler