Monetary Quote by John Kenneth Galbraith

“an absurdly parsimonious monetary policy helped bring about the Great Depression.”

— Charles River Editors

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

— Paul Krugman

The proper governmental policy in a depression is strict laissez-faire, including stringent budget slashing, and coupled perhaps with positive encouragement for credit contraction.

— Murray Rothbard

What the Depression teaches us is that when the economy is so depressed that even a zero interest rate isn't low enough, you have…

— Paul Krugman

The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as…

— Milton Friedman

When depression economics prevails, the usual rules of economic policy no longer apply: virtue becomes vice, caution is risky and prudence is folly.

— Paul Krugman

Nevertheless, if we contemplate a society with a somewhat stable wage-unit, with national characteristics which determine the propensity to consume and the preference for…

— John Maynard Keynes

Thus, the use of fiat money is more justifiable in financing a depression than in financing a war.

— Carroll Quigley

There are limits to monetary policy.

— Ben Bernanke

Needless to say, banks and bondholders do not want to promote any arguments explaining the limits to how much can be paid without pushing…

— Michael Hudson

It is regrettable that people think about our monetary system, and of our economic structure, only in times of depression.

— Henry Ford

The Fed's policy choices can always be debated, but the quality and commitment of the Federal Reserve as a public institution is second to…

— Ben Bernanke