I believe Gandhi is the only person who knew about real democracy — not democracy as the right to go and buy what you want, but democracy as the responsibility to be accountable to everyone around you. Democracy begins with freedom from hunger, freedom from unemployment, freedom from fear, and freedom from hatred. To me, those are the real freedoms on the basis of which good human societies are based.
It was the unemployment that was the hardest to bear. The jobless millions were like an embolism in the nation's vital circulation; and while their indisputable existence argued more forcibly than any text that something was wrong with the system, the economists wrung their hands and racked their brains and called upon the spirit of Adam Smith, but could offer neither diagnosis or remedy.robert heilbroner
Once the true relationship between inflation and unemployment is understood, with luck and skill, a free lunch is possible.paul ormerod
Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying.norman lamont
The things you hear now about European unemployment -- that there are structural problems, that real wages have failed to adjust, that there are inflationary fears -- are the same things that were said during the early 1930. It is well established that government spending began to pull Germany out of its slump in 1935. There is no known reason why spending for peace can't do as well at getting the economy going as spending for war.lawrence summers
Of all the aspects of social misery nothing is so heartbreaking as unemployment ...jane addams
We used to think that you could spend your way out of a recession and increase employment by cutting taxes and boosting government spending. I tell you in all candour that that option no longer exists, and in so far as it ever did exist, it only worked on each occasion since the war by injecting a bigger dose of inflation into the economy, followed by a higher level of unemployment as the next step.james callaghan
When we reject unemployment as an economic instrument as we do and when we reject also superficial remedies, as socialists must, then we must ask ourselves unflinchingly what is the cause of high unemployment. Quite simply and unequivocally, it is caused by paying ourselves more than the value of what we produce. There are no scapegoats.james callaghan
Any system of economics is bankrupt if it sees either value or virtue in unemployment.jimmy carter
I don't care what the unemployment rate is going to be. It doesn't matter to me. My campaign doesn't hinge on unemployment rates and growth rates.rick santorum
The Great Depression, like most other periods of severe unemployment, was produced by government mismanagement rather than by any inherent instability of the private economy.Milton Friedman
When a great many people are unable to find work, unemployment results.calvin coolidge
This would, at a stroke, reducetherise in prices, increase productivity, and reduce unemployment.William Randolph Hearst
Six percent unemployment only looks good from the vantage point of the other 94 percent.
All industrial efficiency consists in trying to do with eight men what we have hitherto been doing with ten men. It consists in creating unemployment.
Permanent mass unemployment destroys the moral foundations of the social order. The young people, who, having finished their training for work, are forced to remain idle, are the ferment out of which the most radical political movements are formed. In their ranks the soldiers of the coming revolutions are recruited.ludwig von mises
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.paul ormerod
Keynes tried to show that market economies could settle in equilibrium states in which the labour market did not clear, and in which the level of unemployment was high. He believed that this was due to a particular example of market failure, developed in his concept of effective demand.paul ormerod
After listening to the debate on unemployment I can see a danger that Liberals lose to the Tories their claim to have new and sensible ideas and are left saying "Me too" to a Socialist conventional wisdom which is failing...The salient need of this country to produce more and much more efficiently hardly figured on the agenda.jo grimond
If the economy of today were operating close to capacity levels with little unemployment, or if a sudden change in our military requirements should cause a scramble for men and resources, then I would oppose tax reductions as irresponsible and inflationary; and I would not hesitate to recommend a tax increase if that were necessary.john f. kennedy
To politicians, solved problems represent a dire threat of unemployment and poverty. That's why no problem ever tackled by the government has ever been solved. What they want is lots of problems they can promise to solve, so that we'll keep electing them or letting them keep their jobs in a bureaucracy metastasizing like cancer.l. neil smith
Fragments of information, indicative of a widespread poverty, fall under the following heads: Pauperism, the general distress, the number of evictions, the pauper burials; the overcrowding and insanitation due to improper housing; the death rate from tuberculosis; the amount of unemployment; and the number of accidents in certain trades. By means of such data as we have concerning these conditions, a partial, but of course a most imperfect, comparison can be made between the poverty of England and that of the United States.
In most Western economies, the general relationship is not in fact between the rate of inflation and the level of unemployment, but between the rate of change of inflation and the rate of change of unemployment.
Unlike side issues like unemployment, unions, and minimum-wage laws, the subject of work itself is almost entirely absent from libertarian literature. Most of what little there is consists of Randite rantings against parasites, barely distinguishable from the invective inflicted on dissidents by the Soviet press, and Sunday-school platitudinizing that there is no free lunch this from fat cats who have usually ingested a lot of them.bob black
There is one ill that faith-based programs are proven to ameliorate unemployment among Christian evangelicals. The Christianization of the safety net has created a kind of affirmative action for the born again.