On the recordJuly 10, 1996
I participated in hearings on the concept of dynamic scoring and acknowledge... we simply do not have the tools, the ability at the present time to reasonably quantify in a way that would give anyone the certainty required under this deficit picture that we should move toward a more dynamic process; is that correct? Mr. Greenspan's response: On the broader question of can we effectively create an economic model which fully captures all the effects of a specific policy action, I would say to you, not in our lifetime.
Source
govinfo.gov
