William Beveridge Quotes

Our system works best if the value of money stays the same.

Monetary stability is a cornerstone of the social contract.

Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.

Low and stable inflation in many countries is an important accomplishment that will continue to bring significant benefits.

What a sound money system does is to stabilize all the elements in it, and reduces the uncertainty that people confront. And the one thing all human beings do when they are confronted with uncertainty is pull back, withdraw, disengage, and that means economic activity, which is really dealing with people, just goes straight down.

Don't assume that the interests of employer and employee are necessarily hostile—that what is good for one is necessarily bad for the other. The opposite is more apt to be the case. While they have different interests, they are likely to prosper or suffer together.

Nothing is more vital to our supremacy as a nation and to the beneficent purposes of our Government than a sound and stable currency.

The most important quality of a currency is its stability.

In truth, also, however the matter may be disguised, the combinations among workmen to obtain higher wages, which are now so general and so much complained of, are practical attacks on the claims of capital…. On the side of the labourers there is physical strength, for they are more numerous than their opponents. They are also fast losing that reverence for their opponents which was and is the source of their power, and they are daily acquiring a moral strength which results from a common interest and a close and intimate union …

The economy cannot be run in an institutional, juridical, or political vacuum: the state has its role to play, guaranteeing personal freedom, a stable currency, and efficient public services

If there is to be peace in our industrial life, let the employer recognize his obligation to his employees

Whenever the legislature attempts to regulate the differences between masters [employers] and their workmen, its counselors [members of the legislature] are always the masters. When the regulation, therefore, is in favor of the workmen, it is always just and equitable; but it is sometimes otherwise when in favor of the masters.

It does not mean of course that the pound here in Britain in your pocket has been devalued .

Inflation is always and everywhere a monetary phenomenon in the sense that it is and can be produced only by a more rapid increase in the quantity of money than in output. ... A steady rate of monetary growth at a moderate level can provide a framework under which a country can have little inflation and much growth. It will not produce perfect stability; it will not produce heaven on earth; but it can make an important contribution to a stable economic society.

Relationships with sister guilds are growing stronger and stronger. It's important that all of us are working together - all the unions and the employers. It behooves us to come together.

Employers and employees alike have learned that in union there is strength.

You can't have a healthy economy without sound money, which is why we're on the verge of very serious economic problem.

I am strongly committed to pursuing the dual goals that Congress has assigned us: maximum employment and price stability.

Requiring the Fed to focus on preserving the purchasing power of the dollar will create a solid foundation for economic growth.

The Keynesian prescription for unemployment rests on the persistence of a 'money illusion' among workers, i.e., on the belief that while, through unions and government, they will keep money wage rates from falling, they will also accept a fall in real wage rates via higher prices.

Ask me whether inflation represents longer-term problem. I think there's a potential there for excess reserves to create problems.

There is no need for government to intervene in money and prices because of changing population or for any other reason. The 'problem' of the proper supply of money is not a problem at all.

We are focused on Main Street, on supporting economic conditions - plentiful jobs and stable prices - that help all Americans.

Unions, by and large, are democratic organizations with freely chosen leaders and policies determined by the membership. They concern themselves with individual dignity not only in their aims but in their method. We have no better example of what is worthy of emulation abroad than the workings of a good union.

I think we do need to try to not just rely on the central bank to, in its wisdom, adjust interest rates, but allow for people to avoid being exposed to inflation risk.