Quote by Will Rogers

An economist's guess is liable to be as good as anybody else's.

An economist's guess is liable to be as good as anybody else

Summary

This quote suggests that the accuracy of an economist's prediction is no better than anyone else's. It implies that making economic projections or forecasts is a challenging endeavor and is subject to uncertainties and complexities that can make it difficult to reliably predict outcomes. Hence, this statement emphasizes the limitations of economists' abilities to accurately forecast economic trends and highlights the fallibility of their guesses, acknowledging that their predictions may not be significantly more accurate than those of other individuals without specialized economic expertise.

Topics

Liked the quote? Share it with your friends.

Random Quotations

The love of all-inclusiveness is as dangerous in philosophy

The love of all-inclusiveness is as dangerous in philosophy as in art.

George Santayana

I have been called a nun with a switchblade where my privacy

I have been called a nun with a switchblade where my privacy is concerned. I think there's a point where one says, that's for family, that's for me.

The tumultuous populace of large cities are ever to be dread

The tumultuous populace of large cities are ever to be dreaded. Their indiscriminate violence prostrates for the time all public authority, and its consequences are sometimes extensive and terrible.

George Washington

If you keep thinking about what you want to do or what you h

If you keep thinking about what you want to do or what you hope will happen, you don't do it, and it won't happen.

Desiderius Erasmus

If we had to seek virtue outside of ourselves, that would as

If we had to seek virtue outside of ourselves, that would assuredly be difficult; but as it is within us, it suffices to avoid bad thoughts and to keep our souls turned toward the Lord.

Whenever I travel anywhere, I'm constantly asked if I'm Swed

Whenever I travel anywhere, I'm constantly asked if I'm Swedish. It's the burden of most Norwegians. The Swedes have just got a better publicity agent, I think.

Christopher Heyerdahl

If we wish to free ourselves from enslavement, we must choos

If we wish to free ourselves from enslavement, we must choose freedom and the responsibility this entails.

There are books which take rank in your life with parents an

There are books which take rank in your life with parents and lovers and passionate experiences, so medicinal, so stringent, so revolutionary, so authoritative.

Ralph Waldo Emerson

Politics: A strife of interests masquerading as a contest of

Politics: A strife of interests masquerading as a contest of principles. The conduct of public affairs for private advantage.

There is no stronger bond of friendship than a mutual enemy.

There is no stronger bond of friendship than a mutual enemy.

Frankfort Moore

The way I look at it, everything is a trade. You acquire som

The way I look at it, everything is a trade. You acquire some money, so then you've got no financial burdens, but everyone wants your money and so who can you trust? Or you've got no money and you can trust anyone, but then you've got the worry to pay bills. Which is worse?

We tend to connect bad food and bad habits with romance and

We tend to connect bad food and bad habits with romance and sex.