Edward C. Prescott

You can't spend your way to prosperity.

Economic integration is the path to riches and peace.

I love creating models and coming up with explicit structures I can play with.

Pessimism of the spirit; optimism of the will.

I think it's obvious that democracy is something that is contagious, and it always has been.

But before looking to the future, let's glance back at the road we've traveled these past two years because that is the source of much of the optimism we are all feeling about the future.