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Edward C. Prescott

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It is an established scientific fact that monetary policy has had virtually no effect on output and employment in the U.S. since the formation of the Fed. - Edward C. Prescott
#Effect
#Employment
#Fact
#Output
#Policy
Monetary policy causes booms and busts. - Edward C. Prescott
#Causes
#Monetary Policy
#Policy
Despite the impression created by some economic pundits, the U.S. economy is not a delicate little machine that needs to be fine-tuned with exact precision by benevolent policymakers to keep from breaking down. - Edward C. Prescott
#Down
#Impression
#Keep
#Needs
#Precision
In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed. - Edward C. Prescott
#Depression
#Great
#Investment
#Labor
You can't spend your way to prosperity. - Edward C. Prescott
#Prosperity
#Spend
#Way
#You
#Your
Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens. - Edward C. Prescott
#Create
#Economics
#Economists
#Own
#See
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