Ed Prescott deserved the Nobel prize for his work on the time inconsistency problem and central bank credibility. Lately he deserves a trip to the nut house as he continues to insist financial matters are "much ado about nothing" as I heard him say publically with my own ears. He says more nonsense of the same type here in point #3 (thanks Dr. Rothman). http://newmonetarism.blogspot.com/2010/07/sed-report.html
Here, Nobel laureate Robert Solow says what he thinks http://www.funnyeconomist.com/Solow.pdf Thanks to Arnold Kling, Greg Mankiw and Phil Rothman...
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