The Royal Scam

Thursday, July 7th, 2005

The Royal Scam opens with a witty quote from — who else? — Winston Churchill:

Economists are famous for their inability to agree on anything. ‘If you put two economists in a room,’ Winston Churchill once observed, ‘you get two opinions — unless one of them is Lord Keynes, in which case you get three opinions.’

Truman manages a pretty witty line too:

Harry Truman shared this frustration. He once exclaimed that he needed a one-handed economist, because all the economists he knew would say one thing, and then in the next breath, prefaced by ‘on the other hand’, say the opposite.

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