"The fact that our econometric models at the Fed, the best in the world, have been wrong for fourteen straight quarters does not mean that they will not be right in the fifteenth quarter."
Alan Greenspan (1999)–Speech to the IMF
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2 comments:
Then you might enjoy this econ humor (linked from Mankiw's blog) http://gregmankiw.blogspot.com/2007/02/ten-principles-of-economics.html
Thanks, I'll check him out.
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