Quote Origin: Predicted Nine Out of the Last Five Recessions

Paul Samuelson? Economists? Wall Street Indexes? Katharyn Duff? Lawrence Summers? Niall Ferguson? Question for Quote Investigator: Predicting the fluctuations of the economy is enormously difficult.  Many economists have forecast recessions that never occurred. Here are three comical expressions: (1) Economists have predicted 11 of the last 5 recessions.(2) The markets projected twelve of the last …

I Do Not Know What I Think Until I Read What I’m Writing

Flannery O’Connor? Graham Wallas? E. M. Forster? Inger Stevens? August Heckscher? Paul Samuelson? Shirley MacLaine? Joan Didion? E. L. Doctorow? John Gregory Dunne? Edward Albee? Wendy Wasserstein? William Faulkner? Virginia Hamilton Adair? Stephen King? Question for Quote Investigator: The process of writing helps to clarify thoughts and ideas. For example, some novelists do not outline …

I Don’t Care Who Writes a Nation’s Laws . . . If I Can Write Its Economic Textbooks

Paul Samuelson? Andrew Fletcher of Saltoun? Percy Bysshe Shelley? Mary Shelley? Sylvia Nasar? Question for Quote Investigator: The cultural impact of economic thought has been enormous. Apparently, a famous economist once said something like this: I don’t care who writes a nation’s laws if I can write its economic textbooks. Would you please help me …

The Eighth Wonder of the World Is Compound Interest

Albert Einstein? Napoleon Bonaparte? Baron Rothschild? Paul Samuelson? John D. Rockefeller? Advertising Copy Writer? Apocryphal? Dear Quote Investigator: Salespeople and advertisers invoke the name of the scientific genius Albert Einstein when they wish to impress gullible individuals. The following grandiose statement has been attributed to Einstein: Compound interest is the eighth wonder of the world. …

When the Facts Change, I Change My Mind. What Do You Do, Sir?

John Maynard Keynes? Paul Samuelson? Winston Churchill? Joan Robinson? Apocryphal? Dear Quote Investigator: John Maynard Keynes was an enormously influential economist, but some of his detractors complained that the opinions he expressed tended to change over the years. Once during a high-profile government hearing a critic accused him of being inconsistent, and Keynes reportedly answered …

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