Peter Boetke, Politicians, and Planning

‎”Economists must never pro-offer advice to politicians as if they were offering advice to a benevolent social planner, and they also must never assume the role of benevolent social planner themselves. The wisdom of classical political economy was to resist such delusions of grandeur.“- Peter Boetke, Living Economics: Yesterday, Today, and Tomorrow

I like quotes like this.  They articulate the limitations economists and advisors have when consulting others.

While the quote is not aimed at financial advisors, it can be thought as a warning for those, too.  When working with the public or your clients, it is important to remember that your expertise is not predicting the future.


About Christopher Hessenflow

Christopher Hessenflow is a financial planner in the Chicago area. He works with all sorts of people who are much more interesting than he is. He enjoys his career which lends him time to think and, sometimes, be creative. Chip was born bald.
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