Edgar Fiedler Quotes

Ask five economists and you'll get five different answers - six if one went to Harvard.

If you have to forecast, forecast often.

For economist the real world is often a special case.

The herd instinct among forecasters makes sheep look like independent thinkers.

When you know absolutely nothing about the topic, make your forecast by asking a carefully selected probability sample of 300 others who don't know the answer either.

Economists state their GNP growth projections to the nearest tenth of a percentage point to prove they have a sense of humor.

Forecasters tend to learn less and less about more and more, until in the end they know nothing about everything.