Monetary Quote by Edward C. Prescott Download Open image “Monetary policy causes booms and busts.” — Edward C. Prescott ★ ★ ★ ★ ★ 2.9 out of 5 (10 ratings) Copy quoteShare Monetary Monetary policy Policy
The 'boom-bust' cycle is generated by monetary intervention in the market, specifically bank credit expansion to business. — Murray Rothbard Copy Share Image
“Boom/bust cycles are not inevitable and would not occur were it not for the inflationary monetary policies that always precede recessions.” — Peter Schiff Copy Share Image
Let's say I am a chocoholic and I eat tons of chocolate a day. A hundred thousands of tons a day. I have this… — Charles Koch Copy Share Image
Rigorous financial discipline that, together with monetary stability, ends once and for all the boom and bust that for 30 years has undermined stability — Gordon Brown Copy Share Image
The higher interest and higher inflation is a vicious cycle. — Arundhati Bhattacharya Copy Share Image
From the Great Depression, to the stagflation of the seventies, to the current economic crisis caused by the housing bubble, every economic downturn suffered… — Ron Paul Copy Share Image
Concentrating wealth in the hands of the few and deregulating financial institutions and practices lead to speculative bubbles that eventually burst - and that… — Jennifer Granholm Copy Share Image
If there is one common theme to the vast range of crises...it is that excessive debt accumulation, whether it be by the government, banks,… — Carmen Reinhart Copy Share Image
Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control… — Friedrich August von Hayek Copy Share Image
Every time the Fed implements 'quantitative easing,' a.k.a. printing more money, two things go up: taxes and inflation. When taxes and inflation go up,… — Robert Kiyosaki Copy Share Image
In certain circumstances, financial markets can affect the so-called fundamentals which they are supposed to reflect. When that happens, markets enter into a state… — George Soros Copy Share Image
Multinational companies use their technological know-how in their foreign subsidiaries, so reciprocal multinational relationships are key - they lead to a vested interest in… — Edward C. Prescott Copy Share Image
Of all the thankless jobs that economists set for themselves when it comes to educating people about economics, the notion that society is better… — Edward C. Prescott Copy Share Image
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… — Edward C. Prescott Copy Share Image
There is an old maxim which states that good judgment comes from experience, and experience comes from poor judgment. I think something similar can… — Edward C. Prescott Copy Share Image
In the Great Depression, employment was not low because investment was low. Employment and investment were low because labor market institutions and industrial policies… — Edward C. Prescott Copy Share Image
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,… — Edward C. Prescott Copy Share Image
Sometimes pessimism or optimism gets popular, and it's contagious. — Edward C. Prescott Copy Share Image
In the Great Depression, employment and investment were low because labor market institutions and industrial polices changed. — Edward C. Prescott Copy Share Image
Economists create their own worlds. We're like little gods with our artificial economics, wanting to see what happens. — Edward C. Prescott Copy Share Image
Most paper money initially existed as a substitute for gold. That's what gave it value. But right now what gives a currency value is… — Peter Schiff Copy Share Image
Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal… — Amity Shlaes Copy Share Image
Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate. — Urjit Patel Copy Share Image
Few policies are more calculated to destroy the existing basis of a free society than the debauching of its currency. And few tasks, if… — Hans F. Sennholz Copy Share Image
Reflecting an amalgam of economics, monetary, and psychological factors, the stock market represents possibly the most subtly intricate game invented by man. — Richard Arnold Epstein Copy Share Image
That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we… — Vaclav Klaus Copy Share Image
In recent years personal injury attorneys and trial lawyers have attacked the food industry with numerous lawsuits alleging that these businesses should pay monetary… — Bob Ney Copy Share Image
I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed. — Paul Krugman Copy Share Image
Money possesses no value to the state other than that given to it by circulation. — Abraham Lincoln Copy Share Image
Goodness is weakness, pleasantness is poisonous, serenity is mediocrity and kindness is for losers. The best reason for committing loathsome and detestable acts –… — Jasper Fforde Copy Share Image
The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert… — William Vickrey Copy Share Image
Take Milton Friedman, he sits at his desk pontificating about such bunk as the monetary system being the answer to our problems. The monetary… — Louis O. Kelso Copy Share Image
