9 Edward C. Prescott Quotes for You to Enjoy

Edward C. Prescott

American Economist

Born: Dec 26, 1940

Economics Good Government People Some You

Related authors: Alan Greenspan Herbert A. Simon John Kenneth Galbraith Milton Friedman Paul A. Volcker Richard Thaler Robert Reich Thomas Sowell

Of all the thankless jobs that economists set for themselves when it comes to educating people about economics, the notion that society is better off if some industries are allowed to wither, their workers lose their jobs, and investors lose their capital - all in the name of the greater glory of globalization - surely ranks near the top. Edward C. Prescott

People Better Economics Lose Society Top Ranks Jobs Some About Better Off Allowed Investors Name Economists Globalization Industries Wither Greater Surely Glory Educating Off Thankless Capital Themselves Workers Notion Near Set

You need a real crisis before you have reforms. Edward C. Prescott

You Before Crisis Real Reforms Need

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

Virtually Fact Output Fed Had Since Employment Policy Scientific Scientific Fact Effect Established Formation Monetary Monetary Policy

The Chinese are saving like mad, but they are not getting a very good return on their savings. Edward C. Prescott

Good Saving Savings Mad Like Return Very Getting Chinese

Economic integration is the path to riches and peace. Edward C. Prescott

Peace Path Economic Integration Riches

Multinational companies use their technological know-how in their foreign subsidiaries, so reciprocal multinational relationships are key - they lead to a vested interest in both countries to remaining open. Edward C. Prescott

Key Reciprocal Relationships Both Remaining Lead Open Countries Know-How Foreign Vested Vested Interest Interest Use Companies Multinational Technological

After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a lot of government debt. There was a lot of inflation, and the value of all those assets fell. Those pension funds couldn't honor their promises to the people. Edward C. Prescott

War Government People World Inflation Honor Value Promises Those Pressured Pension Fell Were Lot Debt Hold After Europe Fully Assets Funds World War World War II

Sometimes pessimism or optimism gets popular, and it's contagious. Edward C. Prescott

Sometimes Contagious Optimism Gets Pessimism Popular

Edward C. Prescott Quotes

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