--- title: "Meaning & Key Takeaway of: Monetary policy suffers from the…" description: "\"Monetary policy suffers from the unfortunate absence of any occult effect. It has long been clear that economic management...would be greatly facilitat..." image: "https://sms4smile.com/quotes/i/a2d/john-kenneth-galbraith-643_absence_monetary-policy-suffers-from-the-unfortu_1029437.png" --- # Monetary policy suffers from the unfortunate absence of… ![“Monetary policy suffers from the unfortunate absence of any occult effect. It has long been clear that economic management...would be greatly facilitated if resort could occasionally be had to witchcraft.” quote by John Kenneth Galbraith](https://sms4smile.com/quotes/i/a2d/john-kenneth-galbraith-643_absence_monetary-policy-suffers-from-the-unfortu_1029437.png) [Download](https://sms4smile.com/quotes/i/a2d/john-kenneth-galbraith-643_absence_monetary-policy-suffers-from-the-unfortu_1029437.png) [Open image](https://sms4smile.com/quotes/i/a2d/john-kenneth-galbraith-643_absence_monetary-policy-suffers-from-the-unfortu_1029437.png) > “Monetary policy suffers from the unfortunate absence of any occult effect. It has long been clear that economic management...would be greatly facilitated if resort could occasionally be had to witchcraft.” [John Kenneth Galbraith](https://sms4smile.com/quotes/author/john-kenneth-galbraith/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economic policy lacks the flexibility and intuition that could be likened to magical insight. **In simple terms:** Economics needs more intuition. Key Takeaway Incorporate creative thinking in policy. Themes economics policy creativity Mood skeptical curious Type academic philosophical When to use this quote - government budgeting - financial crises - strategic planning - research Key Concepts economic theory innovation Questions to Reflect On - How can intuition be measured? - What safeguards ensure evidence‑based policy? A Different Perspective Rational analysis may conflict with mystical approaches. ★ ★ ★ ★ ★ No ratings yet [Absence](https://sms4smile.com/quotes/about/absence/) [Customer](https://sms4smile.com/quotes/about/customer/) [Management](https://sms4smile.com/quotes/about/management/) [Monetary policy](https://sms4smile.com/quotes/about/monetary-policy/) [Occult](https://sms4smile.com/quotes/about/occult/) [Resorts](https://sms4smile.com/quotes/about/resorts/) [Suffering](https://sms4smile.com/quotes/about/suffering/) [Witchcraft](https://sms4smile.com/quotes/about/witchcraft/) ## Related quotes > [“Oh! Dione of Opalescent Skin Ethereal. 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