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.””
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.
Stay informed about economic policies.
Themes
Mood
Type
When to use this quote
- voting
- advocacy
- public debates
- media consumption
- financial education
Key Concepts
Questions to Reflect On
- How can citizens better understand macro‑policy?
- What reforms could prevent misuse?
Complex economic mechanisms are not easily grasped by the public.