The use of quantity of money as a target has not been a…
“The use of quantity of money as a target has not been a success. I'm not sure that I would as of today push it as hard as I once did.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Targeting money supply as a policy goal has failed; he doubts its future emphasis.
In simple terms: Money supply targeting hasn't worked well.
Key Takeaway
Reevaluate monetary policy tools.
Themes
economics
policy
monetary theory
Mood
analytical
critical
Type
economic
policy
When to use this quote
- budget planning
- interest rate setting
- financial regulation
- economic forecasting
Key Concepts
inflation control
central banking
Questions to Reflect On
- What alternatives could improve stability?
- How can policymakers balance multiple indicators?
A Different Perspective
Overreliance on one metric can miss broader issues.