Marcus Tullius Cicero Quotes
Nothing is so unpredictable as a throw of the dice, and yet every man who plays often will at some time or other make a Venus-cast: now and then he indeed will make it twice and even thrice in succession. Are we going to be so feebleminded then as to aver that such a thing happened by the personal intervention of Venus rather than by pure luck?
Cicero, Marcus Tullius. On Old Age. On Friendship. On Divination. Translated by W. A. Falconer, Harvard UP, 1923, p. 503.
He is absolutely right, but unfortunately made this statement several years after he served as the Fed Chairman. He never made a statement like this when he and his colleagues made their policies based on their economic forecasting. Central bankers have generally felt that one of their jobs was to give the people confidence in the nation’s banking system and economy and the admission that much policy making was based on “coin toss” forecasting.
Marcus Tullius Cicero was a Roman statesman, orator, lawyer and philosopher, who served as consul in the year 63 BC. He came from a wealthy municipal family of the Roman equestrian order, and is considered one of Rome's greatest orators and prose stylists.
