Monetary Policy Quotes

When there's downward pressure on growth, one choice is to adjust economic policy, increase deficits, relax monetary policy. That might have a short-term benefit, but may not be beneficial for the future. ~ Li Keqiang

A good monetary policy follows inflationary expectations and not historical numbers. ~ Adi Godrej

My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy. ~ Henry Paulson

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

I'm not trying to be diplomatic. I'm trying to be more nuanced and realistic. I think there has to be a serious examination of the shortcomings of the Euro structure. Euro central institutions, whether it be fiscal policy, monetary policy, financial regulation, are simply not as robust as they are in a currency that has a national government behind it. ~ Stephen Harper

We're bankrupting our country and we have an empire that we're trying to defend which costs us $1 trillion a year. And the standard of living is going down today. It's going down and the middle class is hurting because of the monetary policy. When you destroy a currency, the middle class gets wiped out. ~ Ron Paul

As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past. ~ Timothy Geithner

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

For the same reason a disease cannot be cured by more of the germ that caused it, the inflation and debt accumulation of the Obama years will not inflate our way out of it. ~ Ron Paul

It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning. ~ Henry Ford

We must not forget that ... monetary policy all over the world has followed the advice of the stabilizers. It is high time that their influence, which has already done harm enough, should be overthrown. ~ Friedrich August Von Hayek

In principle, there are only three main components of spending that much matter to monetary policy: consumer spending, business investment and exports and trade. ~ Evan Davis

Funnily enough, the Federal Reserve produced comics about monetary policy, and there is a good comic book guide to microeconomics and macroeconomics out there. But it is not really appropriate for younger readers; it is really aimed at economics students. ~ Tim Harford

Poland is one of the few countries that can afford to conduct a conventional monetary policy and that means we have to act against the buildup of imbalances in the economy. ~ Marek Belka

Monetary policy is not a panacea. ~ Ben Bernanke

Myth: Bernanke Fed is committed to stimulus until a recovery occurs. Fact: The current monetary policy assures further capital destruction ~ Ziad K. Abdelnour

Our first benchmark is to cut the deficit more quickly to safeguard Britain's credit rating. I know that we are taking a political gamble to set this up as a measure of success. Protecting the credit rating will not be easy The pace of fiscal consolidation will be co-ordinated with monetary policy. And we will protect Britain's credit rating and international reputation. ~ George Osborne

Economics should be defined in terms of what it is about. It should be about how people produce things, how people exchange them, how people earn income, how they pay taxes, how the government provides infrastructure with tax revenue, and how it conducts monetary policy. The subject has to be defined in terms of the object of inquiry. ~ Ha-Joon Chang

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

During the last campaign I knew what was happening. You know, they mocked me for my foreign policy and they laughed at my monetary policy. No more. No more. ~ Ron Paul

So just as I want pilots on the planes that I fly, when it comes to monetary policy, I want to think that there is someone with sound judgement at the controls. ~ Martin Feldstein

My bottom line is that monetary policy should react to rising prices for houses or other assets only insofar as they affect the central bank's goal variables - output, employment, and inflation. ~ Janet Yellen

The harder a government, such as a dictatorship, tries to maintain monetary policy autonomy, the more it must either limit the movement of capital into and outside of the country, or the more it must compromise exchange-rate stability. ~ Janet M. Tavakoli

Any debate among politicians about monetary policy is counterproductive. ~ Gerhard Schroder

When historical relationships are taken into account, it is difficult to ascribe the house price bubble either to monetary policy or to the broader macroeconomic environment. ~ Ben Bernanke

it (government) can't run out of dollars any more than a carpenter can run out of inches. ~ Stephanie Kelton

The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the U.S. dollar should be kept at a reasonable and stable level. ~ Hu Jintao

A snarky but accurate description of monetary policy over the past five years is that the Federal Reserve successfully replaced the technology bubble with a housing bubble ~ Paul Krugman

He who cares to go to the trouble of demonstrating the uselessness of index numbers for monetary theory and the concrete tasks of monetary policy will be able to select a good proportion of his weapons from the writings of the very men who invented them. ~ Ludwig Von Mises

Many emerging countries are facing the same issue of overheating and inflation because they have been vigorously expanding fiscal and monetary policy to counter the 2008 shock. ~ Sri Mulyani Indrawati

There are limits to monetary policy. ~ Ben Bernanke

The phrase 'perception is reality' is overused generally. But perception can be reality in monetary policy. The bond market doesn't act merely on what it sees. It acts on what it expects of the Fed or the government. ~ Amity Shlaes

Monetary policy is a blunt tool which certainly affects the distribution of income and wealth, although whether the net effect is to increase or reduce inequality is not clear. ~ Ben Bernanke

Transparency concerning the Federal Reserve's conduct of monetary policy is desirable because better public understanding enhances the effectiveness of policy. More important, however, is that transparent communications reflect the Federal Reserve's commitment to accountability within our democratic system of government. ~ Janet Yellen

Monetary policy itself cannot sensibly be directed at reducing imbalances. ~ Timothy Geithner

If something is wrong for you or me, it is also wrong for the cop, the soldier, the mayor, the governor, the general, the Fed chairman, the president. Theft does not become acceptable when they call it taxation, counterfeiting when they call it monetary policy, kidnapping when they call it the draft, mass murder when they call it foreign policy. We understand that it is never acceptable to wield violence nor the threat of violence against the innocent, whether by the mugger or the politician. ~ Llewellyn H. Rockwell Jr.

This book (Jarod Kintz's book) is trash. I mean, I assume it is, because that's where I found it while scrounging for lunch. However, I must admit that I haven't read it. I would have, but I am homeless, mainly due to my illiteracy (though Big Government, Keynesian monetary policy, and my struggle with alcoholism certainly played a large role). ~ Dora J. Arod

The one instrument that has relative political autonomy is monetary policy. Central banks do not need to go to Congress to get approval for an interest rate hike. ~ Mohamed El-Erian

We do not interpret bitcoin's popularity as having a relationship with the public's view of the Federal Reserve's conduct of monetary policy ~ Janet Yellen

Monetary policy cannot do much about long-run growth, all we can try to do is to try to smooth out periods where the economy is depressed because of lack of demand. ~ Ben Bernanke

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

If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment. ~ Milton Friedman

Inflation is always and everywhere a monetary phenomenon. ~ Milton Friedman

Monetary policy has less room to maneuver when interest rates are close to zero, while expansionary fiscal policy is likely both more effective and less costly in terms of increased debt burden when interest rates are pinned at low levels. ~ Ben Bernanke

The risk exists that, with aggregate demand exhibiting considerable momentum, output could overshoot its sustainable path, leading ultimately in the absence of countervailing monetary policy action to further upward pressure on inflation. ~ Ben Bernanke

Let none of us delude himself by supposing that honesty is always the best policy. It is not. ~ Dean Inge

On August 3, 2012, the fifteenth day of the government offensive, rebels in the city said they were desperately low on ammunition and expressed dismay that the international community had not reacted when a huge massacre could be coming. Again, Libya was the example. Gadhafi threatened to overrun Benghazi and when he tried to do it, NATO started bombing. Now in Syria, Assad was threatening to crush the opposition in Aleppo and had already started doing it, but Washington's reaction was only hand-wringing. In my conversations with rebels it was clear they were becoming increasingly disheartened and desperate. (The rebels would usually communicate with each other on Skype, blending in with the billions of people using the Internet instead of going through cell-phone towers.) The United States was apparently still skittish about sending in arms because it feared they would end up in the hands of Islamic extremists, but that, like so many unintended consequences of US foreign policy in the Middle East, was a self-fulfilling prophecy. At this stage the rebels were numerous, strong, motivated, and moderate and I made that clear in my reports on the air. ~ Richard Engel

The burden is on Saddam Hussein. And our policy, our national policy - not the UN policy but our national policy - is that the regime should be changed until such time as he demonstrates that it is not necessary to change the regime because the regime has changed itself. ~ Colin Powell

I realized, listening to the silences that fell sometimes in my interview groups, that there are things that are sayable and unsayable about motherhood today. It is permissable, for example, to talk a lot about guilt, but not a lot about ambition. You can talk a lot about sex (or its lack) but not about the feelings that are keeping women from sleeping with their husbands. You can talk about society's lack of "appreciation" of mother's and the need for more social validation
but not about policy that might actually make life better. You cannot really challenge the American culture of rugged individualism. ~ Judith Warner

When you have a policy of making sure that African Americans cannot build wealth, of plundering African American communities of wealth, giving opportunities to other people, it's only right that you might want to, you know, pay that back. ~ Ta-Nehisi Coates

There is monetary value,
and there is sentimental value.
You tell me which is worth more,
and I will tell you what your heart is made of. ~ Richelle E. Goodrich

Generally speaking, the key dimensions of corporate governance are strategy oversight, policy making, accountability, and monitoring. ~ Pearl Zhu

Bad administration, to be sure, can destroy good policy; but good administration can never save bad policy. ~ Adlai Stevenson I

We are not in Afghanistan for the sake of the education policy in a broken 13th-century country. We are there so the people of Britain and our global interests are not threatened. ~ Liam Fox

During the rule of the Shah, arrogance, aggression, territorial expansion at the expense of the Arabs and attempts to harm Iraq's national sovereignty and the rights of the Arab nation were a constant pattern. Iraq and the Arab nation were regarded as a sphere of influence for the expansionist plans of Iranian interests. That policy has been followed throughout history by the State of Persia against its neighbours to the west, and as we have shown. ~ Saddam Hussein

Credibility in immigration policy can be summed up in one sentence: Those who should get in, get in; those who should be kept out, are kept out; and those who should not be here will be required to leave. ~ Barbara Jordan

Naturally, the common people don't want war ... but after all it is the leaders of a country who determine the policy, and it is always a simple matter to drag the people along, whether it is a democracy, or a fascist dictatorship, or a parliament, or a communist dictatorship. Voice or no voice, the people can always be brought to the bidding of the leaders. That is easy. All you have to do is to tell them they are being attacked, and denounce the pacifists for lack of patriotism and exposing the country to danger. It works the same in every country. ~ Hermann Goring

It is not the policy of the government in America to give aid to works of any kind. They let things take their natural course without help or impediment, which is generally the best policy. ~ Thomas Jefferson

In the '90s, there was scant presidential leadership and insufficient domestic political mobilization for foreign policy grounded in human rights. ~ Samantha Power

The contemporary political scientist believes that he can avoid the necessity of moral judgments and that he can help frame public policy without committing himself to any ethical position. ~ Murray Rothbard

Victorian feminists made the mistake of making membership of the sisterhood conditional on signing up to a particular policy agenda. Marxist feminists made a similar mistake of saying, 'You can't be a real feminist unless you join with miners, the unions, the vegans.' ~ Naomi Wolf

An important distinction needs to be made in politics between allowing your values to guide you and keeping religion and government separate. Liberals are rightly concerned about government-established and government-supported religion, especially in our religiously polyglot society. But their unwillingness to engage on policy at the level of transcendent and timeless values, for fear of something too moralistic or religious, yields too much ground to the radical political right, which has come to claim Christianity in particular to advance a deeply non-Christian agenda. Theirs is a faith based on intolerance, a faith without compassion. Hating homosexuals and despising immigrants instead of hating poverty and despising homelessness seems to miss the point of a life of faithfulness. ~ Deval Patrick

Honesty is the best policy, says the familiar axiom; but people who are honest on that principle defraud no one but themselves. ~ James A. Garfield

This nation is on a course where if we don't do something about it, get federal situation, the fiscal policy [under control], we're Greece. We're a banana republic. Our status as a nation is threatened by what we've got coming at us in the area of deficit and debt. And it's only a few more years, at the most, that we have to work with here before the market says, 'Sorry, your currency is something we can not continue to defend.' ~ Judd Gregg

Acting is no longer about lying. It's now about revealing the truth. People are at ease with me now. Honesty is the best policy. ~ Ian McKellen

I have never said that people 'should' engage in armed attacks on the United States, but that such attacks are a natural and unavoidable consequence of unlawful U.S. policy. ~ Ward Churchill

Managing your money does not depend upon becoming wealthy or declaring vows of poverty. Rather, it is about creating stability and sufficiency - a balanced flow of monetary energy through your life. ~ Dan Millman

A Marine is a Marine. I set that policy two weeks ago - there's no such thing as a former Marine. You're a Marine, just in a different uniform and you're in a different phase of your life. But you'll always be a Marine because you went to Parris Island, San Diego or the hills of Quantico. There's no such thing as a former Marine. ~ James F. Amos

But it is true that some magazines have a policy to show only a certain amount of black girls on their covers. Naomi is right. It's not fair, and I wish it would change. ~ Claudia Schiffer

Girls showed up in leggings to protest the sexist policy, bearing placards asking ARE MY PANTS LOWERING YOUR TEST SCORES? ~ Laura Bates

Every separate economic agent maintains a stock of money that corresponds to the extent and intensity with which he is able to express his demand for it in the market. If the objective exchange-value of all the stocks of money in the world could be instantaneously and in equal proportion increased or decreased, if all at once the money-prices of all goods and services could rise or fall uniformly, the relative wealth of individual economic agents would not be affected. Subsequent monetary calculation would be in larger or smaller figures; that is all. ~ Ludwig Von Mises

Too many policies, programs and institutions are judged by what they are supposed to do, rather than by what they actually do and the consequences of their actions. ~ Thomas Sowell

Historically, the United States has had a wonderful energy policy. We're blessed with a diversity of resources. We have oil. We have gas. We have coal. We have nuclear. And renewables. And as a result, one of our biggest competitive advantages has been affordable energy. You need a strong economy and you need affordable energy to fuel that economy. ~ John S. Watson

Fiscal policy is not just, or even not even principally, the purview of the president. ~ Carly Fiorina

Through pro-growth policies, by abolishing Obamacare and eliminating other Obama-imposed impediments to economic growth, we will get our economy back on track. ~ Mitt Romney

Governments will always play a huge part in solving big problems. They set public policy and are uniquely able to provide the resources to make sure solutions reach everyone who needs them. They also fund basic research, which is a crucial component of the innovation that improves life for everyone. ~ Bill Gates