“You can lead a horse to water, but you cannot make him drink. Or monetary policy is pulling on a string when the economy is strong. That works. But when the economy is weak and you are cutting interest rates, it can be like pushing on a string. It does not work as well.”

—  Lawrence Klein

"Keynsianism Again: Interview with Lawrence Klein", Challenge (May-June 2001)

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Lawrence Klein 15
American economist 1920–2013

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