A Quote by Robert Reich

Here's why I think the public service jobs are almost unavoidable: When we have downturns in the economy - and we will, for we haven't repealed the business cycle - unemployment will build, yet we no longer have any safety net. What are we going to do? Unless we decide to pull out all the stops and lower interest rates immediately and risk turning a recession into wild inflation, we're going to have to figure out some way of providing some more, not job security, but employment security.

Robert Reich

Quote Topics

Almost Any Build Business Cycle Decide Economy Employment Figure Going Immediately Inflation Interest Interest Rate Interest Rates Job Job Security Jobs Longer Lower More Net Out Providing Public Public Service Pull Rates Recession Risk Safety Safety Net Security Service Some Stops Think Turning Unavoidable Unemployment Unless Way Why Wild Will

Quote Author

Robert Reich
American - Economist
Born: June 24, 1946

I think automation will eliminate certain types of jobs - lower income, lower-skilled jobs in manufacturing. But nobody knows whether it's going to change the job basket of the 21st century, or be net positive, or net negative.

Ro Khanna

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

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

The risk is that as we come out of this recession, we'll have so much debt to finance, we'll either have to have inflation or very high interest rates to continue to borrow the money, or both. That's a risk.

William J. Clinton

Of course, looking tough on inflation is part of any central banker's job description: if investors believe that inflation is going to get out of control, you end up with higher interest rates and capital flight, and a vicious circle quickly ensues.

James Surowiecki

So people have to decide. Do they want to have the security? Do they want to continue to plug the gap [in border security] that GAO has identified and recognize that there will be some costs to doing that? Or do we want to make sure that business isn't hampered and that people can move back and forth readily, and recognize that, if we don't put some barriers in place, we're going to wind up with dangerous people coming into the country?

Michael Chertoff

Incarceration and recidivism rates high? Providing people an incentive to stay out of jail while also providing them some level of economic security while they get back on their feet - both accomplished by a UBI - sounds like a great way to solve that problem.

Andrew Yang

When I talk to people, their concern is, how are you going to create jobs? How are you going to help turn this economy around? How are we going to make sure that when my kids get out of high school or college there will be some job there? Those are the concerns that are on their minds.

Alexi Giannoulias

An overheating economy, characterized by accelerating inflation and rising interest rates, is another precondition for recession. This doesn't describe today's economy.

Mark Zandi

Bernanke and company are trying to reflate the economy with almost stated objective of inflation at 2 percent and higher in order to provide some type of safety margin for a future recession. That's where they want to go.

Bill Gross

Human beings have a drive for security and safety, which is often what fuels the spiritual search. This very drive for security and safety is what causes so much misery and confusion. Freedom is a state of complete and absolute insecurity and not knowing. So, in seeking security and safety, you actually distance yourself from the freedom you want. There is no security in freedom, at least not in the sense that we normally think of security. This is, of course, why it is so free: there's nothing there to grab hold of.

Adyashanti

The time will come, and probably during 2009, that the only way the U.S. will be able to fund its deficits is to create money by printing it. The Treasury will have to sell bonds, and, in the absence of foreign buyers, the Fed will have to print the money to buy them. The consequence will be runaway inflation, increasing interest rates, recession, and inevitable tax increases on all Americans.

Doug Casey

Our inner cities are almost at an all-time low, run by the Democrats for sometimes more than a hundred years, chain unbroken. So they have no jobs. They have horrible education. They have no safety or security and I say to the African-American community, what the hell do you have to lose? I will fix it. I will fix it. I will make it good. I'll bring back our jobs. We'll have good education. We'll have great safety in the inner city.

Donald Trump

You know, there is an argument to be made that these extensions of unemployment benefits keep people from going and finding jobs. In fact there are some studies that have been done that show people stay on unemployment compensation and they don't look for a job until two or three weeks before they know the benefits are going to run out.

Tom DeLay

It was a recession when I graduated, but I was so unequipped to have a job anyway, I don't think it would have mattered if the economy was booming. I think I was expecting bad jobs. But as it went on through my 20s, I began to wonder how things were going to turn out.

Jeffrey Eugenides

The bottom line for Canada is that Kyoto will precipitate a recession that will cause a permanent reduction in employment, income and the size of our economy. And if global warming is going to happen Kyoto will do nothing whatsoever to prevent it or even slow it down. Why are we still considering it?

Ross McKitrick

A Quote by Robert Reich

Quote Topics

Quote Author

Related Quotes

Related Authors