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Monetary Policy Quotes

Inflation is always and everywhere a monetary phenomenon.

Inflation is always and everywhere a monetary phenomenon.

Milton Friedman, Rose Friedman (1990). “Free to Choose: A Personal Statement”, p.272, Houghton Mifflin Harcourt

Monetary policy is not a panacea.

"Ben Bernanke won't commit to fiurther Fed stimulus - US politics live". Richard Adams's blog, www.theguardian.com. June 7, 2012.

At best, in such depression times, monetary policy is a feeble reed on which to lean.

John Kenneth Galbraith (2009). “The Great Crash 1929”, p.203, Houghton Mifflin Harcourt

I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.

"Paul Krugman on Debt, but Are Soaring Interest Rates Running Against Him?". Interview with Paul Solman, www.pbs.org. May 29, 2013.

The monetary policies of the US will destroy the world.

"Marc Faber, Famous Swiss Investor: Federal Reserve Stimulus ‘Will Destroy The World" By Harry Bradford, www.huffingtonpost.com. September 14, 2012.