Casey Stengel Quotes
Never make predictions, especially about the future.
He does not claim that a prediction may not coincidentally turn out to be accurate—just that the predictor has no certainty whatsoever and at best was guessing and at worse manipulating.
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.
Charles Dillon "Casey" Stengel was an American Major League Baseball right fielder and manager, best known as the manager of the championship New York Yankees of the 1950s and later, the expansion New York Mets. He was elected to the Baseball Hall of Fame in 1966.
