Mason Cooley Quotes
Always assume that a lucky hit will not be repeated.
Cooley, Mason. City Aphorisms. Pascal Press, 1984-2000.
Despite this reality, most politicians, if they have the resources and high enough position, surround themselves with experts to advise them and then listen to them to take positions in campaigns or advise them on policy making if they are in office.
He is absolutely right, but unfortunately made this statement several years after he served as the Fed Chairman. He never made a statement like this when he and his colleagues made their policies based on their economic forecasting. Central bankers have generally felt that one of their jobs was to give the people confidence in the nation’s banking system and economy and the admission that much policy making was based on “coin toss” forecasting.
Mason Cooley was an American aphorist known for his witty aphorisms. One of these such aphorisms Cooley developed was "The time I kill is killing me." He was professor emeritus of French, speech and world literature at the College of Staten Island. He was also an assistant professor of English at Columbia University from 1959 to 1967 and an adjunct professor from 1980 to 1988. He received his B.A. from San Diego State University and his Ph.D. from Oxford.
