Quotes & Sayings About Economic Predictions

On the conservative side, today's libertarianism is far more dogmatic and devoid of qualification than the liberalism of Adam Smith or J.S. Mill. Like Marxism, libertarianism is a utopian worldview based on an economic-determinist vision of history. Unlike Marxism, libertarianism is highly specific in its predictions about the transition to the utopian world order, rendering it vulnerable to fact. — Michael Lind

Data Products are self-adapting, broadly applicable economic engines that derive their value from data and generate more data by influencing human behavior or by making inferences or predictions upon new data. — Benjamin Bengfort

All those predictions about how much economic growth will be created by this, all of those new jobs, would be created by the things we wanted - the extension of unemployment insurance and middle class tax cuts. An estate tax for millionaires adds exactly zero jobs. A tax cut for billionaires - virtually none. — Anthony Weiner

If the search is for examples that contradict the predictions of standard economic models, a good rule of thumb is to start in France. — Robert H. Frank

The wolf reintroduction has gone so well that, somewhat ironically, the wolves are now threatened by their own success. Indeed, virtually all the conditions for strong public support that were evident in the early years of the program remain intact. The scientific and economic studies cited above support the original predictions of benefits, and agency officials remain committed to the policy. Yet some political actors remain hostile to the program. As NPS management assistant Sacklin said, "No amount of good science will stop a politician. — William R. Lowry

I first came into the labor force in 1941 when the minimum wage was 40 cents an hour, and that was my first job. And each time that we've tried to boost the lower level of salary for the most underpaid workers, there have been predictions of catastrophe. But each time, in [m]y opinion, the change has helped our Nation and its economic strength. — Jimmy Carter