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.
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"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." — Edward C. Prescott #politicsgovernment
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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. — Edward C. Prescott
About Edward C. Prescott
Edward C. Prescott was a Economist from United States (1940–2022).
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Who said "There is an old maxim which states that good judgment comes from experience, an…"?
This quote is attributed to Edward C. Prescott, a Economist from United States.
When did Edward C. Prescott live?
Edward C. Prescott lived from 1940 – 2022.
What is this quote about?
This quote touches on Politics & Government. Browse more quotes on these themes from the categories page.