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I believe that monetary policy has a chronic defect. It is asymmetric—it works better in restraining an economy than in stimulating an economy.

— Lawrence Klein

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More quotes by Lawrence Klein

From Keynes' point of view the economic system, before the war failed in its solution of the unemployment problem

At the beginning of a decade it is tempting to look ahead for the next ten years.

There are many reasons there was higher inflation in the 1970s. But that is a complicated story that deals with much more than tax policies.

The centrally planned economics used to consider themselves well insulated against the economic ills of the rest of the world. This is no longer the case.

Although I was not aware of it at the time, the experience of growing up during the Great Depression was to have a profound impact on my intellectual and professional career.

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Attribution

Quote text and notes from Wikiquote: Lawrence Klein (page history), available under CC BY-SA 4.0. Source quality and labels are our own summary of what Wikiquote records.