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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…” quote by Ross Douthat
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“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.”

Ross Douthat

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.

Key Takeaway

Balance price stability with job growth.

Themes

politics economics conservatism inflation employment

Mood

cautious analytical

Type

political economic

When to use this quote

  • Policy debates
  • central bank decisions
  • campaign speeches
  • public opinion polls

Key Concepts

Monetary policy inflation expectations political ideology

Questions to Reflect On

  • How can policy address unemployment without sparking inflation?
  • What alternative economic theories challenge this view?
A Different Perspective

Oversimplifies complex macroeconomic dynamics; ignores supply‑side factors.

4.1 out of 5 (6 ratings)

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