Forecasting economists

I remember from somewhere a long time ago:

Q: Why did God create economists ?
A: In order to make weather forecasters look good.

Searching for that I found something related:

The economy depends about as much on economists as the weather does on weather forecasters.

Kauffmann, Jean-Paul

And more on economists:

  • The First Law of Economists: For every economist, there exists an equal and opposite economist.
  • The Second Law of Economists: They’re both wrong.

— David Wildasin

An economist is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.

— Laurence J. Peter

Economists have forecasted 9 out of the last 5 recessions.

Apologies to my son-in-law, who is an environmental economist.

Environmental economists were invented to save the world, economically?

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