Will Rogers: Economists Good Guess
on Saturday, December 10, 2016Funny Money Quote: Economists are very well informed about finance, but that doesn’t make their predictions accurate Will Rogers said:
“An economist’s guess is liable to be as good as anybody else’s” — Will Rogers
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In this quote, Will Rogers is poking fun at the field of economics in a similar vein as some of the previous quotes. Rogers is suggesting that an economist’s prediction or assessment of a situation is not necessarily more informed or accurate than anyone else’s non-expert guess. His implication seems to be that the complexities of the economy make it difficult to forecast, so an economist may have no real advantage over a layperson’s speculation.
The quote lightheartedly questions how much value being an economist truly provides, since according to Rogers their projections are no more reliable than anyone else’s random guesses. Overall, it appears to be a humorous jab at the limitations of economic expertise and predictability.
Birthday: November 4, 1879 – August 15, 1935