Science progresses one funeral at a time.
- Max Planck - Topics: Monetary Policy, Investing, Forecasting, Economist.
The economy depends about as much on economists as the weather does on weather forecasters.
- Jean-Paul Kauffmann - Topics: Forecasting, Economist.
Economics is extremely useful as a form of employment for economists.
- John Kenneth Galbraith - Topics: Economist.
The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design.
- Friedrich A. Hayek - Topics: Economist.
We shall not grow wiser before we learn that much that we have done was very foolish.
Ask five economists and you'll get five different explanations - six if one went to Harvard.
- Edgar R. Fiedler - Topics: Economist, Forecasting.
How can anyone in his right mind think that our economic sluggishness is due to insufficient deficits and a timid Fed? Plenty do. It is a case of denial of an obvious fact: the entire Keynesian / government approach to stimulus has been a catastrophic failure.
- Robert P. Murphy - Topics: Economist, Government, Monetary Policy.
Economists are pessimists: they've predicted 8 of the last 3 depressions.
- Barry Asmus - Topics: Forecasting, Economist.
There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. Yet this difference is tremendous; for it almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Whence it follows that the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.
- Frédéric Bastiat - Topics: Monetary Policy, Forecasting, Economist.
No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.
- Ludwig von Mises - Topics: Monetary Policy, Forecasting, Economist.
The first lesson of economics is scarcity: There is never enough of anything to satisfy all those who want it. The first lesson of politics is to disregard the first lesson of economics.
- Thomas Sowell - Topics: Economist, Government, Politics.
In economics the majority is always wrong.
- John Kenneth Galbraith - Topics: Economist, Forecasting, Investing.
Information is acquired by being told, whereas knowledge can be acquired by thinking.
- Fritz Machlup - Topics: Economist.
Contrary to most experts, including Bernanke, the more aggressive the Fed's policies are, the worse the economy is going to be. If all that is required to revive the economy is pushing more money, then all third-world economies would be very wealthy by now.
- Frank Shostak - Topics: Monetary Policy, Inflation, Economist, Central Bank.
Instagram: quotesonfinance Facebook: quotesonfinance X: QuotesOnFinance
