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Economists Quote by William Vickery, Canadian Nobel laureate, The Cult of Impotence, by Linda McQuaig

“If ordinary citizens knew or ever really [understood] how our political leaders have allowed unemployment to be used as a tool for fine-tuning the inflation rate, they would throw the rascals out and demand a thorough purging of the ranks of government economists.” quote by William Vickery, Canadian Nobel laureate, The Cult of Impotence, by Linda McQuaig
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““If ordinary citizens knew or ever really [understood] how our political leaders have allowed unemployment to be used as a tool for fine-tuning the inflation rate, they would throw the rascals out and demand a thorough purging of the ranks of government economists.””

William Vickery, Canadian Nobel laureate, The Cult of Impotence, by Linda McQuaig

About This Quote

If citizens understood how leaders manipulate unemployment to control inflation, they'd demand a purge of government economists.

In simple terms: Leaders use unemployment to tweak inflation; people would demand change.

Key Takeaway

Stay informed about economic policies.

Themes

politics economics unemployment inflation government accountability

Mood

critical concerned motivated

Type

Economists:1 Leadership:1 Political leaders:1 Politics:1 Unemployment:1 Political Leader:1 Unemployment Used:1 Government Economists:1 Tuning Inflation:1

When to use this quote

  • voting
  • advocacy
  • public debates
  • media consumption
  • financial education

Key Concepts

policy manipulation public awareness economic theory

Questions to Reflect On

  • How can citizens better understand macro‑policy?
  • What reforms could prevent misuse?
A Different Perspective

Complex economic mechanisms are not easily grasped by the public.

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