Sometimes pessimism or optimism gets popular, and it's contagious. Edward C. Prescott contagiousoptimismpessimism Change image and share on social
You can't spend your way to prosperity. Edward C. Prescott prosperityspend Change image and share on social
At some point, the spectacular growth in China has to stop. Edward C. Prescott chinagrowthpoint Change image and share on social
Monetary policy causes booms and busts. Edward C. Prescott boombustmonetary Change image and share on social
I love creating models and coming up with explicit structures I can play with. Edward C. Prescott comecreateexplicit Change image and share on social
The money is nice, but I am not in this game for the money. Edward C. Prescott gamemoneynice Change image and share on social
In the category of economic superpowers, more is better than less - the more technology those leaders develop, the more we all benefit. Edward C. Prescott benefitcategorydevelop Change image and share on social
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 benevolentbreakcreate share on social
If productivity grows, the economy does well. Edward C. Prescott economygrowproductivity Change image and share on social
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 allowcapitaleconomics share on social