Cures Quote by Milton Friedman
“[U]nemployment is ... a side effect of the cure for inflation.”
About This Quote
Source Speech: Economic Policy, 1975
Unemployment can rise as a side effect when inflation is curbed.
In simple terms: Curing inflation may cause job loss.
Balance inflation control with job health.
Themes
Mood
Type
When to use this quote
- central bank decisions
- government stimulus
- business cycles
- job training
Key Concepts
Questions to Reflect On
- How should policymakers balance inflation and jobs?
- What safety nets help during deflation?
Policy trade‑offs can hurt vulnerable workers.