--- title: "Meaning & Key Takeaway of: I've always believed in expansionary…" description: "\"I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.\" — Paul Krugman" image: "https://sms4smile.com/quotes/i/56d/paul-krugman-2255_always-believe_i-ve-always-believed-in-expansionary-mon_126957.png" --- # I've always believed in expansionary monetary policy and… ![“I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.” quote by Paul Krugman](https://sms4smile.com/quotes/i/56d/paul-krugman-2255_always-believe_i-ve-always-believed-in-expansionary-mon_126957.png) [Download](https://sms4smile.com/quotes/i/56d/paul-krugman-2255_always-believe_i-ve-always-believed-in-expansionary-mon_126957.png) [Open image](https://sms4smile.com/quotes/i/56d/paul-krugman-2255_always-believe_i-ve-always-believed-in-expansionary-mon_126957.png) > “I've always believed in expansionary monetary policy and if necessary fiscal policy when the economy is depressed.” [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Expansionary monetary and fiscal policies are essential tools to revive a depressed economy. **In simple terms:** Use stimulus when economy is down. Key Takeaway Apply policy tools in downturns. Themes economics policy recession Mood analytical cautious Type academic policy‑oriented When to use this quote - government budgeting - central banking - business cycles Key Concepts macroeconomics fiscal stimulus Practical Applications - implement coordinated monetary and fiscal actions Questions to Reflect On - What risks accompany aggressive stimulus? - How to balance short‑term boost with long‑term stability? ★ ★ ★ ★ ★ No ratings yet [Economy](https://sms4smile.com/quotes/about/economy/) [Fiscal policy](https://sms4smile.com/quotes/about/fiscal-policy/) [Monetary policy](https://sms4smile.com/quotes/about/monetary-policy/) ## Related quotes > [Europe unified its monetary policy through the euro before it unified politically, therefore sustaining member countries' abilities to pursue the kind of independent fiscal…](https://sms4smile.com/quotes/amity-shlaes/europe-unified-its-monetary-policy-through-the-euro-before-it-unified/) [Amity Shlaes](https://sms4smile.com/quotes/author/amity-shlaes/) > [... it's important to have the right monetary policy. 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On the micro level we…](https://sms4smile.com/quotes/vaclav-klaus/that-means-following-a-very-restrictive-fiscal-and-monetary-policy/) [Vaclav Klaus](https://sms4smile.com/quotes/author/vaclav-klaus/) > [Monetary policy transmission encompasses the whole continuum of interest rates; of course, the central bank only determines the overnight policy rate.](https://sms4smile.com/quotes/urjit-patel/monetary-policy-transmission-encompasses-the-whole-continuum-of/) [Urjit Patel](https://sms4smile.com/quotes/author/urjit-patel/) ## More by Paul Krugman > [People who are complaining about the Fed are people who've been predicting runaway inflation for five and six years, and it hasn't happened.](https://sms4smile.com/quotes/paul-krugman/people-who-are-complaining-about-the-fed-are-people-who-ve-been/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Surely I'm not the only person to ask the obvious question: How different, really, is Mr. Madoff's tale from the story of the investment…](https://sms4smile.com/quotes/paul-krugman/surely-i-m-not-the-only-person-to-ask-the-obvious-question-how/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [“The rich are different from you and me: they have more influence.”](https://sms4smile.com/quotes/paul-krugman/the-rich-are-different-from-you-and-me-they-have-more-influence/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [“The Internet’s impact on the economy has been no greater than the fax machine’s….ten years from now, the phrase “information economy” will sound silly.…](https://sms4smile.com/quotes/paul-krugman/the-internet-s-impact-on-the-economy-has-been-no-greater-than-the-fax/) [Paul Krugman](https://sms4smile.com/quotes/author/paul-krugman/) > [Not all private equity people are evil. 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I always believed in equality, but there's…](https://sms4smile.com/quotes/lindy-west/the-messaging-campaign-that-stigmatized-the-term-feminist-definitely/) [Lindy West](https://sms4smile.com/quotes/author/lindy-west/) > [I have always believed that anybody with a little guts and the desire to apply himself can make it, can make anything he wants…](https://sms4smile.com/quotes/bill-shoemaker/i-have-always-believed-that-anybody-with-a-little-guts-and-the-desire/) [Bill Shoemaker](https://sms4smile.com/quotes/author/bill-shoemaker/) > [So like any football or basketball coach, you always always believe you're going to win.](https://sms4smile.com/quotes/colin-powell/so-like-any-football-or-basketball-coach-you-always-always-believe/) [Colin Powell](https://sms4smile.com/quotes/author/colin-powell/) > [I've always believed that a good twist is one that, when it is presented to the audience, half of them say, 'I saw that…](https://sms4smile.com/quotes/damon-lindelof/i-ve-always-believed-that-a-good-twist-is-one-that-when-it-is/) [Damon Lindelof](https://sms4smile.com/quotes/author/damon-lindelof/) > [We hate guys who date more than one woman at a time. 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