Monetary policy is like juggling six balls... it is not…

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…

— William Vickrey

However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest…

— Toshihiko Fukui

The one instrument that has relative political autonomy is monetary policy. Central banks do not need to go to Congress to get approval for…

— Mohamed El-Erian

Let's start with the euro. What on earth were we thinking? How could anyone with the faintest grasp of economics have believed it was…

— Mehdi Hasan

The IMF insisted that both Russia and Brazil maintain their currency at over-valued levels. Who are you protecting when you try to maintain that…

— Joseph Stiglitz

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…

— Thomas DiLorenzo

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…

— Ron Paul

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…

— Stephen Harper

Inflation is probably the most important single factor in that vicious circle wherein one kind of government action makes more and more government control…

— Friedrich August von Hayek

The excellence of metallic money in free circulation consists in the fact that it renders impossible the abuse of the power of the government…

— Faustino Ballve

The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert…

— William Vickrey

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

— Paul Krugman

That means following a very restrictive fiscal and monetary policy which will squeeze the monopolies and cut their subsidies. On the micro level we…

— Vaclav Klaus

Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.

— Urjit Patel

Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal…

— Amity Shlaes