Quote by JeanPaul Kauffmann
The economy depends about as much on economists as the weather does on weather forecasters.
Summary
This quote implies that economists have a limited impact on the economy, similar to how weather forecasters have limited control over the weather. It suggests that despite their expertise, economists' predictions and analyses have minimal influence on the overall state and functioning of the economy. Just as forecasters cannot control or directly change the weather patterns, economists may not have the power to significantly alter or determine the course of the economy. It highlights the complexities and external factors that shape economic conditions, downplaying the impact of economists in shaping larger economic outcomes.
Topics
Economics
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