Edward C. Prescott quotes
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“I find it remarkable that virtually all of the large difference in labor supply between France and the United States is due to differences in tax systems. I expected institutional constraints on the operation of labor markets and the nature of the unemployment benefit system to be more important. I was surprised that the welfare gain from reducing the intratemporal tax wedge is so large.”
-- 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 changed in a way that lowered normal employment.”
-- Edward C. Prescott -
“The purpose for a tax system is to collect needed revenue at the least cost to the people.”
-- Edward C. Prescott -
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“Tragedy is the difference between what is and what could have been.”
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Source : A. H. Almaas (2000). “Diamond Heart: Book One: Elements of the Real in Man”, p.7, Shambhala Publications
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“I think they are very important because westerns have a code and a symbolism.”
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“If we have any problems, it's always with the government of the United States.”
Source : John Marshall (1839). “The Writings of John Marshall: Late Chief Justice of the United States, Upon the Federal Constitution”, p.11
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“In the United States of America, unfortunately we still live in a bubble of unreality.”
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