Achieve Quote by Denis Healey
“We cannot hope to achieve full employment and sustain it until we have mastered inflation.”
About This Quote
Source Speech: House of Commons debate, 1975
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.