A Quote by Denis Healey

We cannot hope to achieve full employment and sustain it until we have mastered inflation.

Denis Healey

Quote Topics

Achieve Cannot Employment Full Hope Inflation Mastered Sustain Until We Cannot

Quote Author

Denis Healey
British - Politician
August 30, 1917 - October 3, 2015

During the 1970s, inflation expectations rose markedly because the Federal Reserve allowed actual inflation to ratchet up persistently in response to economic disruptions - a development that made it more difficult to stabilize both inflation and employment.

Janet Yellen

For risk management reasons, we need to make sure we hit our inflation objective at the same time we're at full employment.

Charles L. Evans

I'm just opposed to a pure inflation-only mandate in which the only thing a central bank cares about is inflation and not employment.

Janet Yellen

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.

Janet Yellen

If you continue to use monetary policy to attempt to promote full employment the result would be that you would have higher inflation, and that you would not have lower unemployment.

Milton Friedman

No politician can praise unemployment or inflation, and there is no way of combining high employment with stable prices that does not involve some control of income and prices. Otherwise the struggle for more consumption and more income to sustain it-a struggle that modern corporations, modern unions and modern democracy all facilitate and encourage-will drive up prices. Only heavy unemployment will then temper this upward thrust. Not many wish to confront the truth that the modern economy gives a choice only between inflation, unemployment, or controls.

John Kenneth Galbraith

One cannot understand the rhythms and meanings of the outer world until one has mastered the dialects of the body.

Timothy Leary

the Federal Reserve, has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... The European central bank has only the first. It has no commitment to keep employment up.

Noam Chomsky

The Federal Reserve has an official commitment to two different policies. One is to prevent inflation from getting too high. The second is to maintain high employment... the European Central Bank has only the first. It has no commitment to keep employment up.

Noam Chomsky

Until the Fed dumps inflation targeting and the U.S. abandons its weak-dollar policy, inflation will rule the day.

Steve Hanke

The process of setting a goal, learning the necessary steps to achieve it, and giving it your best until you've mastered it will generate high self-esteem and pride. Those are feelings associated with joy.

Jude Bijou

My life won't have full quality until we achieve equality for all.

Sandi Toksvig

The person is always happy who is in the presence of something they cannot know in full. A person as advanced far in the study of morals who has mastered the difference between pride and vanity.

Nicolas Chamfort

Because food and energy prices are volatile, it is often helpful to look at inflation excluding those two categories - known as core inflation - which is typically a better indicator of future overall inflation than recent readings of headline inflation.

Janet Yellen

I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably calling for a rate of unemployment, as currently measured, of between 1 and 2 percent.