[Explaining a failed policy:] Our crystal ball was very muddy.
Economics was the only profession where a person could be considered an expert without having once been right.
We did not cover ourselves with glory. We predicted the day before the war broke out that it was not going to break out.
You can only predict things after they have happened.
The track record of economists in predicting events is monstrously bad. It is beyond simplification; it is like medieval medicine.
A general rule: if enough people predict something, it won't happen.
Question: Why does anyone bother to listen to economists anymore? The profession has become an embarrassment, and the most respected economists have shown themselves to have as much predictive power as a deck of tarot cards.
You cannot predict how well a film will do.
