---
title: "1 Booms Quotes By Edward C. Prescott"
description: "1 Booms quotes by Edward C. Prescott. Plus more from Edward C. Prescott and more Booms sayings from other authors."
image: "https://sms4smile.com/quotes/i/3dd/edward-c-prescott-23640_customer_monetary-policy-causes-booms-and-busts-2_2599934.png"
---

> [Monetary policy causes booms and busts.](https://sms4smile.com/quotes/edward-c-prescott/monetary-policy-causes-booms-and-busts/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

[Image](https://sms4smile.com/quotes/i/3dd/edward-c-prescott-23640_customer_monetary-policy-causes-booms-and-busts-2_2599934.png)

## More by Edward C. Prescott

> [Multinational companies use their technological know-how in their foreign subsidiaries, so reciprocal multinational relationships are key - they lead to a vested interest in…](https://sms4smile.com/quotes/edward-c-prescott/multinational-companies-use-their-technological-know-how-in-their/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [Of all the thankless jobs that economists set for themselves when it comes to educating people about economics, the notion that society is better…](https://sms4smile.com/quotes/edward-c-prescott/of-all-the-thankless-jobs-that-economists-set-for-themselves-when-it/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [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…](https://sms4smile.com/quotes/edward-c-prescott/despite-the-impression-created-by-some-economic-pundits-the-u-s/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [There is an old maxim which states that good judgment comes from experience, and experience comes from poor judgment. I think something similar can…](https://sms4smile.com/quotes/edward-c-prescott/there-is-an-old-maxim-which-states-that-good-judgment-comes-from/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [The money is nice, but I am not in this game for the money.](https://sms4smile.com/quotes/edward-c-prescott/the-money-is-nice-but-i-am-not-in-this-game-for-the-money/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [In the Great Depression, employment was not low because investment was low. Employment and investment were low because labor market institutions and industrial policies…](https://sms4smile.com/quotes/edward-c-prescott/in-the-great-depression-employment-was-not-low-because-investment-was/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [Random distributions are not good things, because people are risk-averse, and this risk adversely affects their welfare. If you get too much price uncertainty,…](https://sms4smile.com/quotes/edward-c-prescott/random-distributions-are-not-good-things-because-people-are-risk/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [If productivity grows, the economy does well.](https://sms4smile.com/quotes/edward-c-prescott/if-productivity-grows-the-economy-does-well/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [Sometimes pessimism or optimism gets popular, and it's contagious.](https://sms4smile.com/quotes/edward-c-prescott/sometimes-pessimism-or-optimism-gets-popular-and-it-s-contagious/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed.](https://sms4smile.com/quotes/edward-c-prescott/in-the-great-depression-employment-and-investment-were-low-because/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens.](https://sms4smile.com/quotes/edward-c-prescott/economists-create-their-own-worlds-we-re-like-little-gods-with-our/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [Economic integration is the path to riches and peace.](https://sms4smile.com/quotes/edward-c-prescott/economic-integration-is-the-path-to-riches-and-peace/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [You can't spend your way to prosperity.](https://sms4smile.com/quotes/edward-c-prescott/you-can-t-spend-your-way-to-prosperity/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [At some point, the spectacular growth in China has to stop.](https://sms4smile.com/quotes/edward-c-prescott/at-some-point-the-spectacular-growth-in-china-has-to-stop/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

> [A lot of technological capital has to be absorbed person-to-person, and that happens more quickly if countries are economically integrated.](https://sms4smile.com/quotes/edward-c-prescott/a-lot-of-technological-capital-has-to-be-absorbed-person-to-person/)

[Edward C. Prescott](https://sms4smile.com/quotes/author/edward-c-prescott/)

```json
{
    "@context": "https://schema.org",
    "@graph": [
        {
            "@type": "ItemList",
            "@id": "https://sms4smile.com/quotes/about/booms/edward-c-prescott/#itemlist",
            "name": "1 Booms Quotes By Edward C. Prescott",
            "numberOfItems": 1,
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "item": {
                        "@type": "Quotation",
                        "text": "Monetary policy causes booms and busts.",
                        "creator": {
                            "@type": "Person",
                            "name": "Edward C. Prescott"
                        },
                        "url": "https://sms4smile.com/quotes/edward-c-prescott/monetary-policy-causes-booms-and-busts/",
                        "image": {
                            "@type": "ImageObject",
                            "@id": "https://sms4smile.com/quotes/i/3dd/edward-c-prescott-23640_customer_monetary-policy-causes-booms-and-busts-2_2599934.png",
                            "contentUrl": "https://sms4smile.com/quotes/i/3dd/edward-c-prescott-23640_customer_monetary-policy-causes-booms-and-busts-2_2599934.png",
                            "url": "https://sms4smile.com/quotes/i/3dd/edward-c-prescott-23640_customer_monetary-policy-causes-booms-and-busts-2_2599934.png",
                            "width": 1080,
                            "height": 1080,
                            "caption": "“Monetary policy causes booms and busts.” — Edward C. Prescott",
                            "creditText": "SMS4Smile Quotes",
                            "creator": {
                                "@id": "https://sms4smile.com/quotes/#organization"
                            }
                        }
                    }
                }
            ]
        },
        {
            "@type": "CollectionPage",
            "@id": "https://sms4smile.com/quotes/about/booms/edward-c-prescott/#webpage",
            "url": "https://sms4smile.com/quotes/about/booms/edward-c-prescott/",
            "name": "Booms Quotes by Edward C. Prescott",
            "isPartOf": {
                "@id": "https://sms4smile.com/quotes/#website"
            },
            "mainEntity": {
                "@id": "https://sms4smile.com/quotes/about/booms/edward-c-prescott/#itemlist"
            },
            "primaryImageOfPage": {
                "@id": "https://sms4smile.com/quotes/i/3dd/edward-c-prescott-23640_customer_monetary-policy-causes-booms-and-busts-2_2599934.png"
            },
            "description": "1 Booms quotes by Edward C. Prescott. Plus more from Edward C. Prescott and more Booms sayings from other authors.",
            "breadcrumb": {
                "@id": "https://sms4smile.com/quotes/about/booms/edward-c-prescott/#breadcrumb"
            }
        },
        {
            "@type": "BreadcrumbList",
            "@id": "https://sms4smile.com/quotes/about/booms/edward-c-prescott/#breadcrumb",
            "itemListElement": [
                {
                    "@type": "ListItem",
                    "position": 1,
                    "name": "Home",
                    "item": "https://sms4smile.com/"
                },
                {
                    "@type": "ListItem",
                    "position": 2,
                    "name": "Quotes",
                    "item": "https://sms4smile.com/quotes/"
                },
                {
                    "@type": "ListItem",
                    "position": 3,
                    "name": "Topics",
                    "item": "https://sms4smile.com/quotes/categories/"
                },
                {
                    "@type": "ListItem",
                    "position": 4,
                    "name": "Booms",
                    "item": "https://sms4smile.com/quotes/about/booms/"
                },
                {
                    "@type": "ListItem",
                    "position": 5,
                    "name": "Edward C. Prescott",
                    "item": "https://sms4smile.com/quotes/about/booms/edward-c-prescott/"
                }
            ]
        },
        {
            "@type": "WebSite",
            "@id": "https://sms4smile.com/quotes/#website",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "publisher": {
                "@id": "https://sms4smile.com/quotes/#organization"
            }
        },
        {
            "@type": "Organization",
            "@id": "https://sms4smile.com/quotes/#organization",
            "name": "SMS4Smile Quotes",
            "url": "https://sms4smile.com/quotes/",
            "logo": {
                "@type": "ImageObject",
                "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png",
                "width": 512,
                "height": 512
            }
        }
    ]
}
```