Hernando de Soto Quotes

We simply cannot check inflation by keeping people out of work.

The Federal Reserve's monetary policy objective is to foster maximum employment and price stability. In this regard, a key challenge is to assess just how far the economy now stands from the attainment of its maximum employment goal.

[U]nemployment is ... a side effect of the cure for inflation.

Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.

It was gradually learned that acceptance of a somewhat higher inflation rate would not really bring somewhat higher employment.

If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.

History teaches that the level of unemployment is not as important as whether the rate's going down.

The Federal Reserve cannot solve all the economy's problems on its own.

You cannot solve the economy in this country by creating government jobs.

I reject the advice of those who think the only way to fight inflation is to throw millions of people out of work .... I guarantee you that I will not fight inflation with your jobs.

The economy, unemployment, the future... Politicians, economists, and journalists are constantly debating these key issues for our country but rarely come to an answer. But behind all this, there is a fairly simple truth: no matter what anybody says, jobs are hard to come by.

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

I mean, the reality is unemployment today - over 14 million Americans are unemployed. That's exactly what it was a year ago. I mean, this - the American people know we can't borrow and spend and bail our way back to a growing economy.

Will capitalist economies operate at full employment in the absence of routine intervention? Certainly not. Are deviations from full employment a social problem? Obviously.

It takes about two and a half percent growth just to keep unemployment stable.

Economy's got to get moving, we've got to get the unemployment rate down. That may be the defining issue of the campaign.

A while ago I did a story comparing the change in employment rates in recessions in the U.S. and in Europe, and what I found was that America fired a lot of people and rehired a lot of people faster than Europe. That difference is disappearing, and that is a problem.

Certainly, 9 percent unemployment and very slow growth is not a good situation.

I think we ought to talk about what the American people want, and that is jobs and get the economy on track.

The president's economic plan doesn't do enough to create new jobs and that has to be a national priority. While there are some signs the economy is improving, it is not translating into jobs.

I think you can look at the British economy with confidence.

Inflation is lower and more stable and the real business cycle fluctuations are more modest.

You do not have to be an economist to know that putting up the cost of employing someone is a pretty barking thing to do when you're trying to get out of a recession.

The Keynesian belief that 'demand' is always at the root of underemployment and slow growth is a fallacy.

The bottom line of a successful economic policy is jobs.