Stephen Moore Quotes

The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.

If all the economists were laid end to end, they'd never reach a conclusion.

Economics was the only profession where a person could be considered an expert without having once been right.

Years ago, I noticed one thing about economics, and that is that economists didn't get anything right.

If economists were doctors, they would today be mired in malpractice suits.

One speaks with great respect of economists, if only because they represent such a variety of opinions.

I am not an economist. I am an honest man!

The purpose of studying economics is not to acquire a set of ready-made answers to economic questions, but to learn how to avoid being deceived by economists.

An economist is someone who knows all the answers to last years' questions.

All economists should be locked up until they admit that they don't know what they're talking about.

The primary role of the economist is to find out the truth about the real world.

Economists set themselves too easy, too useless a task if in tempestuous seasons they can only tell us that when the storm is long past the ocean is flat again.

There are two kinds of economists in the world. Those who don't know the future and those who don't know that they don't know the future.

We have professional economists who can defend any viewpoint with statistics and they do that everywhere in the world.

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.

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

Why did God create economists? To make weather forecasters look good.

Economics is a good degree to have but the subject is very theoretical at Cambridge and I found it frustrating that you can't apply a lot of the models to particular circumstances.

Sometimes economists are right, and sometimes economists are wrong.

Economists often get the market wrong.

Economists are like Aeolian harps, and the sounds that issue from them are determined by the winds that blow.

I must confess that if I had been consulted whether to establish a Nobel Prize in economics, I should have decidedly advised against it.

economics limps along with one foot in untested hypotheses and the other in untestable slogans.

Economists are about as useful as astrologers in predicting the future (and, like astrologers, they never let failure on one occasion diminish certitude on the next).

Most academic economists know nothing of economy. In fact, they know little of anything.