Central bank Quote by Milton Friedman

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase…

— Milton Friedman

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase…

— Milton Friedman

Inflation is always and everywhere a monetary phenomenon.

— Milton Friedman

No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation…

— Milton Friedman

My monetary studies have led me to the conclusion that central banks could profitably be replaced by computers geared to provide a steady rate…

— Milton Friedman

In 1977, when I started my first job at the Federal Reserve Board as a staff economist in the Division of International Finance, it…

— Janet Yellen

Monetary reform, if it is to be genuine and successful, must sever money and banking from politics. That's why a modern gold standard must…

— Lawrence Reed

Global central banks are working hard to lift their economies through an aggressively easy monetary policy. The ECB [European Central Bank] and BOJ [Bank…

— Mark Zandi

The lack of monetary discipline has become a hallmark of unfettered globalization. Central banks have failed to provide a stable underpinning to world financial…

— Stephen S. Roach

For a small open economy that trades mostly with the euro zone it makes absolute sense to be part of the currency union. Our…

— Dalia Grybauskaite

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

Thanks to the central bank, most ‘monetary experts’ and ‘leading macro-economists’ can, by putting them on the payroll, be turned into government propagandists ‘explaining,’…

— Hans-Hermann Hoppe