"Balancing fiscal and monetary policies is a problem. If you do just one thing, it is not necessarily enough—neither monetary policy alone nor fiscal policy alone, and neither tax cuts nor expenditure increases alone. You need to mix policy. By having the right balance, you can get high employment and stable prices."
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Academics from the United StatesJews from the United StatesPeople from OmahaEconomists from the United StatesNobel laureates in Economics
Original Language: English
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"Keynsianism Again: Interview with Lawrence Klein", Challenge (May-June 2001)
https://en.wikiquote.org/wiki/Lawrence_Klein
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Lawrence Klein
Lawrence Robert Klein (4 September 1920 – 20 October 2013) was an American economist. For his work in creating computer models to forecast economic trends in the field of econometrics in the Department of Economics at the University of Pennsylvania, he was awarded the Nobel Memorial Prize in Economic Sciences in 1980 specifically "for the creation of econometric models and their application to the analysis of economic fluctuations and economic policies." Due to his efforts, such models have beco
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