Customer Quote by John Kenneth Galbraith
“At best, in such depression times, monetary policy is a feeble reed on which to lean.”
About This Quote
Source Book: The Great Crash, 1929, 1954
Monetary policy is weak during deep depressions and cannot alone revive the economy.
In simple terms: Money tools are limited in crises.
Seek broader economic solutions.
Themes
Mood
Type
When to use this quote
- government response
- financial markets
- business confidence
Key Concepts
Questions to Reflect On
- What other tools can aid recovery?
- When should fiscal policy dominate?
Policy alone may be insufficient.