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Customer Quote by John Kenneth Galbraith

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

John Kenneth Galbraith

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.

Key Takeaway

Seek broader economic solutions.

Themes

economics policy crisis

Mood

analytical cautious

Type

critical informative

When to use this quote

  • government response
  • financial markets
  • business confidence

Key Concepts

Keynesian theory macroeconomic stability

Questions to Reflect On

  • What other tools can aid recovery?
  • When should fiscal policy dominate?
A Different Perspective

Policy alone may be insufficient.

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