“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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Originally said in English.

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About Edward C. Prescott

Edward C. Prescott is quoted here; further biographical details are not publicly available.

More from Edward C. Prescott (21 quotes) →
"It is an established scientific fact that monetary policy has had vir…" — Edward C. Prescott | Daily Quotes