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.
Of all the aspects of social misery nothing is so heartbreaking as unemployment ...jane addams
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
I've said consistently that no employer ever really accepts a union. They tolerate the unions. The very minute they can get a pool of unemployment they'll challenge the unions and try to get back what they call managements prerogatives, meaning hire, fire, pay what you want.jimmy hoffa
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
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
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.
This would, at a stroke, reduce the rise in prices, increase production and reduce unemployment.edward heath
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
If you want a simple model for predicting the unemployment rate in the United States over the next few years, here it is: It will be what Greenspan wants it to be, plus or minus a random error reflecting the fact that he is not quite God.paul krugman
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.
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.
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.