Quote of the day June 3, 2013 at 8:36 am

From the Chairman of the Board of Governors of the Federal Reserve System:

Economics is a highly sophisticated field of thought that is superb at explaining to policymakers precisely why the choices they made in the past were wrong. About the future, not so much.

One Response to “Quote of the day”

  1. On the bright side, thanks to Federal Reserve policymaking, highly sophisticated thought is not required to superbly explain precisely why choices being made in the present are wrong and why the economics of the future will be about a field of not so much.