If an economist uses a complicated model to predict just about anything, you can ignore it. By analogy, a doctor can’t tell you the exact date of your death in 50 years. But if a doctor tells you to eat less and exercise more, that’s good advice even if you later get hit by a bus. Along those same lines, economists can give useful general advice on the economy, even if you know there will be surprises. Still, be skeptical.
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Press release, 10 September 2008Scott Adams
One of the first things they teach stockbrokers is to stay out of the stock market. Brokers make their pile from selling advice, and from commissions on stock transactions. They can't predict the market, and few risk their own money. They, at least, only affect their clients' fortunes. Economists, though, can ruin the lot of us with their advice — yet if no science can predict a relatively closed system like the stock market, how the devil are you going to 'fine tune' something a large as the American economy? I'd think it arrogant to try; as arrogant as the man with three illiterate drug-addicted spoiled brats writing a book on parenting.
Jerry Pournelle
Sometimes economists in official positions give bad advice; sometimes they give very, very bad advice; and sometimes they work at the OECD.
Paul Krugman
People ask what gives me the authority to give advice? I say, First of all, I don't give advice. Dr Phil gives advice. Mr T helps people. I motivate them, I inspire them, I give them hope, and I plant the seed so they can feel good about themselves.
Mr. T
Ah! I would be a Doctor! (...) Ah! Doctor! Doctor! Walking through the roads, through the streets, though the squares, through the rooms, receiving all the honors: "Doctor, what have you done today? How are you, doctor?" This feeling was simply divine!
Lima Barreto
It is always a silly thing to give advice, but to give good advice is absolutely fatal.
Oscar Wilde
Adams, Scott
Adams, William
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