Errol Morris Quotes
I am profoundly skeptical about our abilities to predict the future in general, and human behavior in particular.
Morris, Errol. A Wilderness of Error: The Trials of Jeffrey MacDonald. Penguin Press, 2012.
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.
Errol Mark Morris is an American film director known for documentaries. In 2003, his documentary film The Fog of War: Eleven Lessons from the Life of Robert S. McNamara won the Oscar for Best Documentary Feature.
