We cannot hope to achieve full employment and sustain it…
“We cannot hope to achieve full employment and sustain it until we have mastered inflation.”
About This Quote
This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation.
Balancing employment and inflation requires prioritizing price stability before full job creation.
In simple terms: Control inflation before aiming for full employment.
Stabilize prices first.
Themes
Mood
Type
When to use this quote
- government budgeting
- central bank decisions
- labor market reforms
Key Concepts
Questions to Reflect On
- Can inflation be managed without harming jobs?
- What policies best balance both goals?
Full employment may be unattainable without price stability.