Finance Quotes on Monetary Policy

Each money-printing exercise brings about unintended consequences. These unintended consequences are higher inflation rates than had no money been printed.

- Marc Faber - Topics: Money, Monetary Policy, Inflation, Central Bank.

If printing money would end poverty, printing diplomas would end stupidity.

- Javier Milei - Topics: Monetary Policy, Inflation.

No very deep knowledge of economics is usually needed for grasping the immediate effects of a measure; but the task of economics is to foretell the remoter effects, and so to allow us to avoid such acts as attempt to remedy a present ill by sowing the seeds of a much greater ill for the future.

- Ludwig von Mises - Topics: Monetary Policy, Forecasting, Economist.

The longer the boom of inflationary bank credit continues, the greater the scope of malinvestments in capital goods, and the greater the need for liquidation of these unsound investments. When the credit expansion stops, reverses, or even significantly slows down, the malinvestments are revealed.

- Ludwig von Mises - Topics: Monetary Policy.

With the exception only of the period of the gold standard, practically all governments of history have used their exclusive power to issue money to defraud and plunder the people.

- Friedrich A. Hayek - Topics: Inflation, Government, Fiat Currency, Bitcoin, Monetary Policy.

Contrary to most experts, including Bernanke, the more aggressive the Fed's policies are, the worse the economy is going to be. If all that is required to revive the economy is pushing more money, then all third-world economies would be very wealthy by now.

- Frank Shostak - Topics: Monetary Policy, Inflation, Economist, Central Bank.

Government can screw up just about everything. Given enough power and time it will screw up everything.

- Mark Thornton - Topics: Monetary Policy, Government, Politics, Regulation.

Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation.

- Ludwig von Mises - Topics: Tax, Monetary Policy, Government, Debt.

Not to own any gold is to trust central bankers and that you don't want to do in your life.

- Marc Faber - Topics: Monetary Policy, Gold, Central Bank.

How long can a central bank continue an inflation? Probably as long as people are convinced that the government, sooner or later, but certainly not too late, will stop printing money and thereby stop decreasing the value of each unit of money. When people no longer believe this, when they realize that the government will go on and on without any intention of stopping, then they begin to understand that prices tomorrow will be higher than they are today. Then they begin buying at any price, causing prices to go up to such heights that the monetary system breaks down.

- Ludwig von Mises - Topics: Monetary Policy, Inflation, Government, Fiat Currency, Central Bank.

The government must keep its hands off the recession, so that the recession process can quickly eliminate the distortions imposed by the government-created inflationary boom.

- Ludwig von Mises - Topics: Monetary Policy, Government.

Science progresses one funeral at a time.

- Max Planck - Topics: Monetary Policy, Investing, Forecasting, Economist.

The correct conclusion in my view is that we need to be pre-emptive in avoiding these types of problems in the future. Monetary policy should not be aimed at cleaning up a mess, but leaning against the wind to avoid the mess in the future.

- Stephen Roach - Topics: Money, Monetary Policy, Government.

How can anyone in his right mind think that our economic sluggishness is due to insufficient deficits and a timid Fed? Plenty do. It is a case of denial of an obvious fact: the entire Keynesian / government approach to stimulus has been a catastrophic failure.

- Robert P. Murphy - Topics: Economist, Government, Monetary Policy.

They tell us that the government can spend and spend without taxing at all, that it can continue to pile up debt without ever paying it off, because "we owe it to ourselves". Such pleasant dreams in the past have always been shattered by national insolvency or a runaway inflation. All government expenditures must eventually be paid out of the proceeds of taxation and inflation itself is merely a form, and a particularly vicious form, of taxation.

- Henry Hazlitt - Topics: Monetary Policy, Inflation, Government, Tax.

Whoever controls the volume of money in any country is absolute master of all industry and commerce.

- James A. Garfield - Topics: Money, Monetary Policy, Central Bank.

Bad money drives out good.

- Thomas Gresham - Topics: Central Bank, Fiat Currency, Inflation, Monetary Policy, Money.

In the long run, inflation comes to an end with the breakdown of the currency.

- Ludwig von Mises - Topics: Monetary Policy, Inflation, Government, Debt, Central Bank.

Are you joking, having faith in the U.S. administration. I wonder who in the world would have a faith in the U.S. administration. For sure not someone who thinks.

- Marc Faber - Topics: Central Bank, Government, Monetary Policy.

There is only one difference between a bad economist and a good one: the bad economist confines himself to the visible effect; the good economist takes into account both the effect that can be seen and those effects that must be foreseen. Yet this difference is tremendous; for it almost always happens that when the immediate consequence is favorable, the later consequences are disastrous, and vice versa. Whence it follows that the bad economist pursues a small present good that will be followed by a great evil to come, while the good economist pursues a great good to come, at the risk of a small present evil.

- Frédéric Bastiat - Topics: Monetary Policy, Forecasting, Economist.

There is no means of avoiding the final collapse of a boom brought about by credit expansion. The alternative is only whether the crisis should come sooner as the result of voluntary abandonment of further credit expansion, or later as a final and total catastrophe of the currency system involved.

- Ludwig von Mises - Topics: Monetary Policy, Debt.

If something cannot go on forever, it will stop.

- Herbert Stein - Topics: Debt, Monetary Policy, Stock Market.

I do not think it is an exaggeration to say history is largely a history of inflation, usually inflations engineered by governments for the gain of governments.

- Friedrich A. Hayek - Topics: Monetary Policy, Inflation, Government, Fiat Currency.

Hope is not a strategy.

- John Mauldin - Topics: Monetary Policy, Debt.

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