Ed Prescott's a very clever fellow. Far cleverer than me. Then again it's pretty clear, it has been pretty clear for a long, long time, that he's crazy. But don't take my word for it. Take our friend Paul Krugman's.
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That's nothing. If you want to see just how crazy Ed Prescott is, peruse this thread. The man evidently has mental health issues that have seriously affected his professional work.