Let there be no doubt that our present rate of inflation is the main cause of our economic difficulties. There never has been a more mistaken piece of economic analysis than the view that we should accept inflation to avoid unemployment. Inflation today, so far from being an alternative to unemployment, is its main cause. If our rate of cost increase is allowed to continue close to twice that of the average for the developed world it will increasingly price us out of world markets. Employers...will have to restrict their activities and still more their labour force in response to mounting and uncontainable wage and salary bills.
Roy JenkinsRelated topics
alternative analysis average cause close continue cost difficulties doubt far force increase inflation main mistake mounting piece present price rate response salary should view wage world today labour unemploymentRelated quotes
For if we may compare infinities, it would seem to require a greater infinity of power to cause the causes of effects, than to cause the effects themselves. This idea is analogous to the improving excellence observable in every part of the creation; such as in the progressive increase of the solid or habitable parts of the earth from water; and in the progressive increase of the wisdom and happiness of its inhabitants; and is consonant to the idea of our present situation being a state of probation, which by our exertion we may improve, and are consequently responsible for our actions.
Erasmus Darwin
Markets are institutions that exist to facilitate exchange, that is, they exist in order to reduce the cost of carrying out exchange transactions. In an economic theory which assumes that transaction costs are nonexistent. markets have no function to perform, and it seems perfectly reasonable to develop the theory of exchange by an elaborate analysis of individuals exchanging nuts for apples on the edge of the forest or some similar fanciful example. This analysis certainly shows why there is a gain from trade, but it fails to deal with the factors which determine how much trade there is or what goods are traded.
Ronald Coase
Great Britain, will now have to determine its attitude toward the conflict, and it has the following possibilities: It can accept that the situation will never return to what it was before April 2, in which case we would maintain an attitude of negotiating for the recovery of our sovereignty. Or it can proceed toward the restoration of its colonial regime, with which there would be no security or definitive peace, and the responsibility of deepening the conflict would fall on Great Britain. In any case, the nation united, on its feet, motivated by the sentiment a united cause, will continue marching toward improving and strengthening itself.
Leopoldo Galtieri
In its main features the Declaration of Independence is a great spiritual document. It is a declaration not of material but of spiritual conceptions. Equality, liberty, popular sovereignty, the rights of man - these are not elements which we can see and touch. They are ideals. They have their source and their roots in the religious convictions. They belong to the unseen world. Unless the faith of the American people in these religious convictions is to endure, the principles of our Declaration will perish. We can not continue to enjoy the result if we neglect and abandon the cause.
Calvin Coolidge
As an advocate of birth control I wish ... to point out that the unbalance between the birth rate of the 'unfit' and the 'fit,' admittedly the greatest present menace to civilization, can never be rectified by the inauguration of a cradle competition between these two classes. In this matter, the example of the inferior classes, the fertility of the feeble-minded, the mentally defective, the poverty-stricken classes, should not be held up for emulation.... On the contrary, the most urgent problem today is how to limit and discourage the over-fertility of the mentally and physically defective.
Margaret Sanger
