Army Quote by Ross Douthat
“Modern conservatism was forged in the crucible of the 1970s inflation crisis, and in the aftermath of the 2008 financial crash many conservatives were convinced that there was nothing the Federal Reserve could do about the vast army of the unemployed without touching off a similar inflationary spiral.”
About This Quote
Source Speech: Commentary on post‑2008 US politics, 2010s
Conservatives linked inflation fears to unemployment, believing Fed actions could trigger price spikes, shaping modern conservatism.
In simple terms: Conservatives fear inflation when trying to reduce unemployment.
Balance price stability with job growth.
Themes
Mood
Type
When to use this quote
- Policy debates
- central bank decisions
- campaign speeches
- public opinion polls
Key Concepts
Questions to Reflect On
- How can policy address unemployment without sparking inflation?
- What alternative economic theories challenge this view?
Oversimplifies complex macroeconomic dynamics; ignores supply‑side factors.