These monetary policy quotes will inspire you. Monetary policy is the control of the quantity of money available in an economy and the channels by which new money is supplied.
A collection of motivating, happy, and encouraging monetary policy quotes, monetary policy sayings, and monetary policy proverbs.
Best Monetary Policy Quotes
- “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
- “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
- “Inflation is always and everywhere a monetary phenomenon.” ~ Milton Friedman
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“Monetary policy itself cannot sensibly be directed at reducing imbalances.” ~ Timothy Geithner
- “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
- “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
- “Domestic inflation reflects domestic monetary policy.” ~ Martin Feldstein
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“However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.” ~ Toshihiko Fukui
- “Well, I think as long as people are talking about stimulus, I think the Fed will be thinking about cutting rates because monetary policy is the better way to go because you can turn it on and turn it off.” ~ Franklin Raines
- “The major economic policy challenges facing the nation today – pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources – are not about monetary policy.” ~ Timothy Geithner
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“We made a decision that monetary policy will be made by an independent European Central Bank.” ~ Gerhard Schroder
- “The supply-side effect of a restrictive monetary policy, moreover, is likely to be perverse. High interest rates enter into costs and thus exert inflationary pressure, as well as inhibiting the expansion of capacity or the introduction of cost -reducing capital improvements.” ~ William Vickrey
- “If I am confirmed, I am confident that my colleagues on the Federal Open Market Committee and I will maintain the focus on long-term price stability as monetary policy’s greatest contribution to general economic prosperity and maximum employment.” ~ Ben Bernanke
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“Monetary policy is not a panacea.” ~ Ben Bernanke
- “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
- “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
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“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
- “Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries’ abilities to pursue the kind of independent fiscal policies that can strain a joint currency.” ~ Amity Shlaes
- “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
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“The monetary policy of the United States has a major impact on global liquidity and capital flows and therefore, the liquidity of the US dollar should be kept at a reasonable and stable level.” ~ Hu Jintao
- “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 , Fiscal and monetary policy quotes
- “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
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“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
- “Quantitative easing is just the latest chapter in the Federal Reserve’s hundred-year history of failure. (…) The American people have suffered long enough under a monetary policy controlled by an unaccountable, secretive central bank. It is time to finally audit – and then end – the Fed.” ~ Ron Paul
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“I’ve always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.” ~ Paul Krugman
- “At best, in such depression times, monetary policy is a feeble reed on which to lean.” ~ John Kenneth Galbraith
- “The monetary policies of the US will destroy the world.” ~ Marc Faber
- “Monetary policy suffers from the unfortunate absence of any occult effect. It has long been clear that economic management…would be greatly facilitated if resort could occasionally be had to witchcraft.” ~ John Kenneth Galbraith
- “Let’s say I am a chocoholic and I eat tons of chocolate a day. A hundred thousands of tons a day. I have this craving, but I can’t afford it, so I get a printing press, and I start printing money, and I print billions and billions to buy chocolate. So I create this boom in the chocolate industry, so stores are running out of chocolate. So they have demand, so chocolate makers expand. Cocoa growers expand. You create this great boom. But now the feds arrest me and shut me down. And now there is a depression in the chocolate industry. That’s what happens with the monetary policy.” ~ Charles Koch
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“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
- “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 probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control necessary. For this reason all those who wish to stop the drift toward increasing government control should concentrate their effort on monetary policy.” ~ Friedrich August von Hayek
- “For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our currency has already pegged to the euro since 2002. We don’t have an independent monetary policy. We are regulated by the European Central Bank in Frankfurt, but we are not able to reap all the profits. Our businesses want to save the transaction costs.” ~ Dalia Grybauskaite
- “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
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“Any debate among politicians about monetary policy is counterproductive.” ~ Gerhard Schroder
- “The theory of economic shock therapy relies in part on the roleof expectations on feeding an inflationary process. Reining in inflation requires not only changing monetary policy but also changing the behavior of consumers, employers and workers. The role of a sudden, jarring policy shift is that it quickly alters expectations, signaling to the public that the rules of the game have changed dramatically – prices will not keep rising, nor will wages.” ~ Naomi Klein
- “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
- “The housing and financial crisis could not have occurred in the absence of government housing and monetary policies.” ~ Sheldon Richman
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“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
- “… it’s important to have the right monetary policy. It’s important for, to have the right fiscal policy. But it’s nowhere near as important as just the normal regenerative capacity of American capitalism.” ~ Warren Buffett
- “The excellence of metallic money in free circulation consists in the fact that it renders impossible the abuse of the power of the government to dispose of the possessions of its citizens by means of its monetary policy and thus serves as the solid foundation of economic liberty within each country and of free trade between one country and another.” ~ Faustino Ballve
- “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
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“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’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
- “I think in reality the Japanese have to make changes in monetary policy, otherwise we’re still going to be dealing with some upward pressure on the yen against the dollar.” ~ Arthur Penrhyn Stanley
- “I don’t think that our problem, our jobs problem, is fundamentally a problem of trade. I think it has much more to do with the fact that we have not sufficiently educated our population. We have not got out of this great recession with adequate stimulus and adequate fiscal and monetary policies overall.” ~ Robert Reich
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“Fiscal policy, monetary policy, they need to work together to try and raise the level of growth.” ~ Joe Hockey
- “Ever since its founding in 1913, the Fed has described itself as an “independent” agency operated by selfless public servants striving to “fine-tune” the economy through monetary policy. In reality, however, a non-political governmental institution is as likely as a barking cat.” ~ Thomas DiLorenzo
- “A lot of joblessness in the black community doesn’t seem to be reachable through fiscal and monetary policies. People have not been drawn into the labor market even during periods of economic recovery.” ~ William Julius Wilson
- “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
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“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
- “Outsourcing is a reflection of a bad economic environment domestically. If you fix that, you fix outsourcing. Our primary export is paper money, and that should change if you change the monetary policy.” ~ Ron Paul
- “Global central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank of Japan] are buying tens of billions of bonds and other financial securities each month in an effort to stimulate their economies, which is pushing down rates everywhere, including in the U.S.” ~ Mark Zandi
