Edgar Fiedler Quotes

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen today.

No one can forecast the economy with certainty.

An economist is an expert who will know tomorrow why the outcome he predicted yesterday did not happen today.

Macroeconomics, even with all of our computers and with all of our information - is not an exact science and is incapable of being an exact science.

Economists have allowed themselves to walk into a trap where we say we can forecast, but no serious economist thinks we can.

A natural way that an economist approaches a problem is to say, here's where I think the economy is going; this is what we need to deal with the problem.

The only function of economic forecasting is to make astrology look respectable.

An economist is an expert who will know tomorrow why the things he predicted yesterday didn't happen.

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.

I would never make a good economist. You know, an economist is a man that can tell you anything about — well, he will tell you what can happen under any given condition — and his guess is liable to be as good as anybody else's, too.

Most work in macroeconomics in the past 30 years has been useless at best and harmful at worst.

I've been able to stretch myself, covering policy, looking at tax reform, looking at the broader economy [being at Fox]. It's no longer [just] about the stock market. I'm having a ball. And, the glamor of TV also makes it fun.

In economics, you always want to ask 'And then what?'

An economist is a surgeon with an excellent scalpel and a rough-edged lancet, who operates beautifully on the dead and tortures the living.

Foresight is an imperfect thing - all prevision in economics is imperfect.

An economist's guess is liable to be as good as anybody else's.

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

Of course, economic forecasts must be revised when new information arrives and are thus necessarily provisional.

Every economy is uncertain. Referring to this or any economy as 'uncertain' is an unnecessary and pessimistic redundancy.

For economist the real world is often a special case.

If we're going to forecast the business cycle, surely it is a good idea to know the business cycle. Sounds reasonable, but it's not that easy.

The outlook for the economy, as always, is highly uncertain.

Sometimes economists are right, and sometimes economists are wrong.

Economics is in many respects the queen of the soft sciences. It's expected to be better than the rest. It's my view that economics is better at the multi-disciplinary stuff than the rest of the soft science. And it's also my view that it's still lousy.

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