Just as highly accurate long-range forecasting of the weather will always be impossible, so too will highly accurate long-range forecasting of the economy.
—Eric Beinhocker, The Origin of Wealth
« Jobs and Job Quality, Nov 2007 vs Year Ago | Main | Why the Fed will cut the target rate »
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00d83451c0c869e200e54fae444f8834
Listed below are links to weblogs that reference FQ.07.49: Favorite Quote for This Week:
Comments
The comments to this entry are closed.
Popular Posts
Recent Posts
- Two surprises: China doesn't own us; and the debt burden is relatively low
- The payroll tax holiday: Throwing FDR under the bus
- Class warfare can be good for us
- Balanced Budget Amendment: Why it's a bad idea
- How the Democrats and the Tea Party botch Reagan's legacy
- Principles vs. Tribal Loyalties
- Bernanke’s response
- For the middle class, one less thing to worry about
- Social security privatization: a plan both left and right could like
- USA's debt burden unchanged in ten years
How long is long-range? One year? Two years?
Posted by: Rich Berger | 11 December 2007 at 04:28