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Economic Tidbits
November 25, 2025 1:30 PM

“When presented with a range around an estimate, President Lyndon B. Johnson is supposed to have said, ‘Ranges are for cattle. Give me a number’, while another president, Harry Truman, was fed up with advisers saying ‘On the one hand, this’ and ‘On the other hand, that’ and apparently asked for a one-armed economist.” David Spielgelhalter, The Art of Uncertainty-How to Navigate Chance, Ignorance, Risk and Luck, W.W. Norton & Company, 2024.

