Edward C. Prescott

Economic integration is the path to riches and peace. ”

In the category of economic superpowers, more is better than less - the more technology those leaders develop, the more we all benefit. ”

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. ”

If productivity grows, the economy does well. ”

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. ”

At some point, the spectacular growth in China has to stop. ”

A lot of technological capital has to be absorbed person-to-person, and that happens more quickly if countries are economically integrated. ”