--- title: "Meaning & Key Takeaway of: If you continue to use monetary policy to…" description: "\"If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you wou..." image: "https://sms4smile.com/quotes/i/bfe/milton-friedman-616_customer_if-you-continue-to-use-monetary-policy-t_593203.png" --- # If you continue to use monetary policy to attempt to… ![“If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.” quote by Milton Friedman](https://sms4smile.com/quotes/i/bfe/milton-friedman-616_customer_if-you-continue-to-use-monetary-policy-t_593203.png) [Download](https://sms4smile.com/quotes/i/bfe/milton-friedman-616_customer_if-you-continue-to-use-monetary-policy-t_593203.png) [Open image](https://sms4smile.com/quotes/i/bfe/milton-friedman-616_customer_if-you-continue-to-use-monetary-policy-t_593203.png) > “If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.” [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Using monetary policy to force full employment raises inflation without lowering unemployment **In simple terms:** Monetary policy can’t guarantee low unemployment and low inflation Key Takeaway Seek balanced economic policies Themes economics policy inflation Mood analytical critical Type economic political When to use this quote - budget planning - business strategy - government policy - investment decisions Key Concepts macroeconomic theory central banking Questions to Reflect On - Can you design policies that achieve both goals? - What are the risks of over‑reliance on monetary tools? A Different Perspective Policy may create trade‑offs and unintended consequences ★ ★ ★ ★ ★ No ratings yet [Customer](https://sms4smile.com/quotes/about/customer/) [Employment](https://sms4smile.com/quotes/about/employment/) [Higher](https://sms4smile.com/quotes/about/higher/) [Higher Inflation](https://sms4smile.com/quotes/about/higher-inflation-1088519/) [Ifs](https://sms4smile.com/quotes/about/ifs/) [Inflation](https://sms4smile.com/quotes/about/inflation/) [Lower Unemployment](https://sms4smile.com/quotes/about/lower-unemployment-4738284/) [Monetary](https://sms4smile.com/quotes/about/monetary/) [Monetary policy](https://sms4smile.com/quotes/about/monetary-policy/) [Policy](https://sms4smile.com/quotes/about/policy/) [Promote Employment](https://sms4smile.com/quotes/about/promote-employment-1769212/) [Results](https://sms4smile.com/quotes/about/results/) [Unemployment](https://sms4smile.com/quotes/about/unemployment/) [Use](https://sms4smile.com/quotes/about/use/) [Use Monetary](https://sms4smile.com/quotes/about/use-monetary-4851814/) [Would be](https://sms4smile.com/quotes/about/would-be/) ## Related quotes > [The Great Depression was not a sign of the failure of monetary policy or a result of the failure of the market system as…](https://sms4smile.com/quotes/milton-friedman/the-great-depression-was-not-a-sign-of-the-failure-of-monetary-policy/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [Inflation is always and everywhere a monetary phenomenon.](https://sms4smile.com/quotes/milton-friedman/inflation-is-always-and-everywhere-a-monetary-phenomenon/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [The Great Depression in the United States was caused - I won't say caused, was enormously intensified and made far worse than it would…](https://sms4smile.com/quotes/milton-friedman/the-great-depression-in-the-united-states-was-caused-i-won-t-say/) [Milton Friedman](https://sms4smile.com/quotes/author/milton-friedman/) > [We need to promote employment through investment in major public works schemes to meet the U.K.'s needs.](https://sms4smile.com/quotes/john-mcdonnell/we-need-to-promote-employment-through-investment-in-major-public/) [John McDonnell](https://sms4smile.com/quotes/author/john-mcdonnell/) > [ The economy is better than the one President \[Barack\] Obama inherited, and unemployment is lower, but the unemployment rate gap remains large. ](https://sms4smile.com/quotes/julianne-malveaux/the-economy-is-better-than-the-one-president-barack-obama-inherited/) [Julianne Malveaux](https://sms4smile.com/quotes/author/julianne-malveaux/) > [Ever since its founding in 1913, the Fed has described itself as an "independent" agency operated by selfless public servants striving to "fine-tune" the…](https://sms4smile.com/quotes/thomas-dilorenzo/ever-since-its-founding-in-1913-the-fed-has-described-itself-as-an/) [Thomas DiLorenzo](https://sms4smile.com/quotes/author/thomas-dilorenzo/) > [Quantitative easing is just the latest chapter in the Federal Reserve’s hundred-year history of failure. 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