- Pushing on a string (phrase)
Pushing on a string is a metaphor for influence that is more effective in moving things in one direction than another. If something is connected to you by a string, you can move it toward you by pulling on the string, but you can't move it away from you by pushing on the string. It is often used in the context of economic policy, specifically the view that "Monetary policy [is] asymmetric; it being easier to stop an expansion than to end a severe contraction."Sandilans, Roger G. (2001), "The New Deal and 'domesticated' Keynesianism in America, in cite book|title=Economist with a Public Purpose: Essays in Honour of John Kenneth Galbraith|author=John Kenneth Galbraith and Michael Keaney|publisher=Routledge|id=ISBN 0415212928|year=2001, [http://books.google.com/books?id=3EMTJai7E6kC&pg=PA231&as_brr=3&ei=4hkUSLLrJ5DAygTi_p2DCA&sig=pqCxC9VelIIDWmXrReNZPlbK2DQ p. 231] ]
According to Roger G. Sandilans and John Harold Woodcite book|title=A History of Central Banking in Great Britain and the United States|author=John Harold Wood|id=ISBN 0521850134|publisher=Cambridge University Press|year=2006, [http://books.google.com/books?id=Jc_c_JAqrjoC&pg=PA231&as_brr=3&ei=ChcUSM34DZDAygTi_p2DCA&sig=GnhANPT7iUDoUzafP5Seq-DHk6s p. 231] ; it cites U. S. Congress House Banking Currency Committee, Hearings, "Hearings, Banking Act of 1935," March 18, 1935, p. 377.] the phrase was introduced by Congressman
T. Alan Goldsborough in 1935, supporting Federal Reserve chairmanMarriner Eccles in Congressional hearings on the Banking Act of 1935::Governor Eccles: Under present circumstances, there is very little, if any, that can be done.:Congressman Goldsborough: You mean you cannot push on a string.
:Governor Eccles: That is a very good way to put it, one cannot push on a string. We are in the depths of a depression and... beyond creating an easy money situation through reduction of discount rates, there is very little, if anything, that the reserve organization can do to bring about recovery.
The phrase is, however, often attributed to
John Maynard Keynes : "As Keynes pointed out, it's like pushing on a string..." [cite web|url=http://commentisfree.guardian.co.uk/joseph_stiglitz/2008/04/the_financial_crisis_being_fel.html|title=A deficit of leadership|author=Joseph Stiglitz|accessdate=2008-04-27|date=2008-04-08] , "This is what Keynes meant by the phrase 'Pushing on a string.'" [cite web|url=http://www.moneyweek.com/file/18166/how-the-us-is-pushing-on-a-string-.html|title=How the US is 'pushing on a string'|author=Jeremy Batstone|accessdate=accessdate=2008-04-27|publisher=Moneyweek|date=2006-12-09]The phrase is also used in regard to asymmetrical influence in other contexts; for example, in 1976 a labor statistician, writing in the New York Times about Carter's policies, wrote that:in today's economy, reducing unemployment by stimulating employment has become more and more like pushing on a string. [Moore, Geoffrey H. (1976), "The Employment-Unemployment Trade-Off", "The New York Times," December 9, 1976, p. 47]
The appearance of the phrase in a 1910 medical book suggests that it was proverbial at the time Goldsborough used it::If the arm muscles have been thus taxed the arm drops as if paralyzed and can no more be forced to do work in chronic fatigue than we can push on a string. [cite book|title=High Frequency Electric Currents in Medicine and Dentistry|year=1910|publisher=W. R. Jenkins company|author=Samuel Howard Monell, [http://books.google.com/books?id=7dVLAAAAMAAJ&pg=PA53&as_brr=3&ei=G_EUSO6lLYvcywTA3LCDCA p. 53] ]
References
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