- Employment
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- Nov 07, 2020
Top 10 Edward C Prescott Quotes
Most Famous Top 10 Edward C Prescott Quotes of All Time!
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- Last Updated on May 30, 2021
- Better Off
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- Nov 07, 2020
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.
- Good
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- Nov 07, 2020
There is an old maxim which states that good judgment comes from experience, and experience comes from poor judgment. I think something similar can be said of government policy, to wit: Good policy comes from experience, and experience comes from poor policy.
- Good
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- Nov 07, 2020
The Chinese are saving like mad, but they are not getting a very good return on their savings.
- Monetary Policy
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- Nov 07, 2020
Monetary policy causes booms and busts.
- Great
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- Nov 07, 2020
In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed.
- Economic
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- Nov 07, 2020
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.
- Path
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- Nov 07, 2020