Edward C. Prescott

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After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a lot of government debt. There was a lot of inflation, and the value of all those assets fell. Those pension funds couldn’t honor their promises to the people.

Edward C. Prescott

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Edward C. Prescott

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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.

I might have simply settled down into an armchair literary life. I really don’t know exactly why I didn’t.

April 26, 2024

I might have simply settled down into an armchair literary life. I really don’t know exactly why I didn’t.

April 26, 2024

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.

After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a lot of government debt. There was a lot of inflation, and the value of all those assets fell. Those pension funds couldn’t honor their promises to the people.

Edward C. Prescott

Other Quote

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.

I might have simply settled down into an armchair literary life. I really don’t know exactly why I didn’t.

I might have simply settled down into an armchair literary life. I really don’t know exactly why I didn’t.

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.

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After World War II, there were a lot of pension funds in Europe that were fully funded, but they were pressured to hold a lot of government debt. There was a lot of inflation, and the value of all those assets fell. Those pension funds couldn’t honor their promises to the people.

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