“Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is well worth paying.”

— Norman Lamont

Hansard, HC 6Ser vol 191 col 413 (16 May 1991) http://www.publications.parliament.uk/pa/cm199091/cmhansrd/1991-05-16/Orals-1.html.

Adopted from Wikiquote. Last update June 8, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "Rising unemployment and the recession have been the price that we have had to pay to get inflation down. That price is …" by Norman Lamont?

Norman Lamont9

British politician 1942

Related quotes

“For anything worth having one must pay the price; and the price is always work, patience, love, self-sacrifice.”

John Burroughs (1837–1921) American naturalist and essayist

“Our country is wallowing in a miasma of political and class conflict, of greed and special interest, with regard to budget deficits, inflation and rising unemployment, the threats of both a bloody war and a devastating recession. How did we get into this mess? Because the press, during the 1980s committed one of the greatest crimes of the 20th century. The media took a dive, caved in, and did not tell the American people the price they would eventually pay for Reaganomics.”

Carl Rowan (1925–2000) American journalist

while accepting the Allen H. Neuharth Award for Excellence in Journalism from the University of South Dakota in 1990.
Quoington Star article entitled "Has President Nixon Gone Crazy?"

“I expect one of the prices we pay for democracy is there are going to be differences. We pay a price but we get something very important in return.”

Robert F. Kennedy (1925–1968) American politician and brother of John F. Kennedy

Speaking on his support for President Johnson in the upcoming presidential election (17 March 1967), as quoted in "I'll Campaign For Johnson," Says Kennedy" http://archives.chicagotribune.com/1967/03/18/page/39/article/ill-campaign-for-johnson-says-kennedy

“It is indeed true that the reduction of inflation came at a big price—that Volcker's tightening, for instance, succeeded in lowering inflation only in the wake of a severe recession. But this possibility was, first of all, one concerning which monetarists were perfectly aware: they understood the danger that, once inflation, and accelerating inflation especially, came to be anticipated by the public, putting the breaks on money growth would result in prices and wages continuing for some time to rise beyond their new, less-rapidly rising equilibrium values, with a consequent rise in unemployment.”

George Selgin (1957) economist

In Defense of Monetarism (2008)

“It would have been a longer and slower job, I’m sure, and probably there would have been a high price to pay. But what is the price of freedom?”

John Brunner book Stand on Zanzibar

“What’s the price of life?” Donald countered bitterly.
continuity (37) “Storage”
Stand on Zanzibar (1968)

“We must be prepared to pay the price for peace, or assuredly we shall pay the price of war.”

Harry Truman (1884–1972) American politician, 33rd president of the United States (in office from 1945 to 1953)

Special Message to the Congress on the Threat to the Freedom of Europe (1948)
Context: The recommendations I have made represent the most urgent steps toward securing the peace and preventing war. We must be ready to take every wise and necessary step to carry out this great purpose. This will require assistance to other nations. It will require an adequate and balanced military strength. We must be prepared to pay the price for peace, or assuredly we shall pay the price of war. We in the United States remain determined to seek peace by every possible means, a just and honorable basis for the settlement of international issues.