A Quote by John Kenneth Galbraith

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

John Kenneth Galbraith

Quote Topics

Best Depression Feeble Lean Monetary Monetary Policy Policy Reed Times Which

Quote Author

John Kenneth Galbraith
American - Economist
October 15, 1908 - April 29, 2006

It is an immense loss to have all robust and sustaining expletives refined away from one! At. moments of trial refinement is a feeble reed to lean upon.

Alice James

Man is but a reed, the most feeble thing in nature, but he is a thinking reed.

Blaise Pascal

The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as was widely interpreted. It was instead a consequence of a very serious government failure, in particular a failure in the monetary authorities to do what they'd initially been set up to do.

Milton Friedman

Of course I welcome all the normalization of monetary policy. I think monetary policy should be normal.

Elvira Nabiullina

Inflation is certainly low and stable and, measured in unemployment and labour-market slack, the economy has made a lot of progress. The pace of growth is disappointingly slow, mostly because productivity growth has been very slow, which is not really something amenable to monetary policy. It comes from changes in technology, changes in worker skills and a variety of other things, but not monetary policy, in particular.

Ben Bernanke

The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would have been by bad monetary policy.

Milton Friedman

My theory is that nine times out of ten, if there's a depression, more a social depression than anything, it brings out the best art in black people. The best example is, Reagan and Bush gave us the best years of hiphop.

Questlove

In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it was an article of faith in central banking that secrecy about monetary policy decisions was the best policy: Central banks, as a rule, did not discuss these decisions, let alone their future policy intentions.

Janet Yellen

Logic is a feeble reed, friend.

Robert A. Heinlein

It is regrettable that people think about our monetary system, and of our economic structure, only in times of depression.

Henry Ford

A man of feeble character resembles a reed that bends with every gust of wind.

Magha

The monetary policy instruments which Russia has at its disposal are pretty well developed.

Elvira Nabiullina

We need to keep in mind the well-established fact that the full effects of monetary policy are felt only after long lags. This means that policy makers cannot wait until they have achieved their objectives to begin adjusting policy.

Janet Yellen

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