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“We cannot hope to achieve full employment and sustain it until we have mastered inflation.” quote by Denis Healey
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“We cannot hope to achieve full employment and sustain it until we have mastered inflation.”

Denis Healey

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.

Key Takeaway

Stabilize prices first.

Themes

economics policy inflation employment

Mood

analytical cautious

Type

policy economic

When to use this quote

  • government budgeting
  • central bank decisions
  • labor market reforms

Key Concepts

macroeconomic theory trade‑offs

Questions to Reflect On

  • Can inflation be managed without harming jobs?
  • What policies best balance both goals?
A Different Perspective

Full employment may be unattainable without price stability.

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