“Any system of economics is bankrupt if it sees either value or virtue in unemployment.”

— Jimmy Carter

Pre-Presidency, First Presidential Nomination Acceptance Speech (1976)
Context: Any system of economics is bankrupt if it sees either value or virtue in unemployment. We simply cannot check inflation by keeping people out of work..

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Jimmy Carter 153

American politician, 39th president of the United States (i… 1924

Jim Stanford (1961) Canadian economist

Part 1, Chapter 3, Economic History, p. 43
Economics For Everyone (2008)

“From Keynes' point of view the economic system, before the war failed in its solution of the unemployment problem”

Lawrence Klein (1920–2013) American economist

The Keynesian Revolution. Vol. 19. New York: Macmillan, 1947/66. p. 166

“The state is a bankrupt institution. The only alternative to this bankrupt 'humanistic' system is a God-centered government.”

Rousas John Rushdoony (1916–2001) American theologian

As quoted in David Cantor and Alan M. Schwartz (1995), Anti-Defamation League book -The Religious Right: The Assault on Tolerance and Pluralism In America

“To the best of my understanding, bigotry, intolerance and hatred are not values, but then faith isn't a virtue either.”

Aron Ra (1962) Aron Ra is an atheist activist and the host of the Ra-Men Podcast

Youtube, Other, Biblical Family Values https://www.youtube.com/watch?v=bldw8X5apnY (July 11, 2015)

“The problem for China is political. China is held together by money, not ideology. When there is an economic downturn and the money stops rolling in, not only will the banking system spasm, but the entire fabric of Chinese society will shudder. Loyalty in China is either bought or coerced. Without available money, only coercion remains. Business slowdowns can generally lead to instability because they lead to business failure and unemployment. In a country where poverty is endemic and unemployment widespread, the added pressure of an economic downturn will result in political instability.”

George Friedman (1949) American businessman and political scientist

Source: The Next 100 Years: A Forecast for the 21st Century (2009), p. 96

“Any virtue systematically applied becomes a vice. Morality is attention, not system.”

James Richardson (1950) American poet

#398
Vectors: Aphorisms and Ten Second Essays (2001)

“When we reject unemployment as an economic instrument — as we do — and when we reject also superficial remedies, as socialists must, then we must ask ourselves unflinchingly what is the cause of high unemployment. Quite simply and unequivocally, it is caused by paying ourselves more than the value of what we produce. There are no scapegoats.”

James Callaghan (1912–2005) Prime Minister of the United Kingdom; 1976-1979

Labour Party Annual Conference Report 1976, p. 188.
Speech at the Labour Party Conference, 28 September 1976.
Prime Minister

“Economically and politically, Britain can get along with double digit unemployment.”

Nigel Lawson (1932) British Conservative politician and journalist

Interview with George F. Will (December 1984), quoted in William Keegan, Mr Lawson's Gamble (London: Hodder & Stoughton, 1989), p. 140.

“Neither economic liberalism nor Keynesianism can conceptualise vocation, virtue or labour value as economic categories, neither can give a primary economic value to intermediate institutions, whether they be the corporate governance of a firm, vocational colleges, regional banks or supporter owned football clubs, they can only conceptualise the state or the market and all forms of particular association are viewed as at best “cultural” or at worst “obstructive”. They can give no conceptual status to place, to the specificity of place and the necessity of institutions in generating virtue and value within it.”

Maurice Glasman, Baron Glasman (1961) British philosopher

Politics, Employment Polices and the Young Generation, Maurice Glasman http://www.lse.ac.uk/economics/newsEventsSeminars/files/MauriceGlasmanPaper.pdf

“.. the virtue of Yankee upbringing spiritually speaking is of more downright value to me than any past heritages.”

Marsden Hartley (1877–1943) American artist

Somehow a Past, 1933-c, 1939; unpublished manuscript, Hartley Archive, Yale University; as quoted in Marsden Hartley, by Gail R. Scott, Abbeville Publishers, Cross River Press, 1988, New York p. 11
1931 - 1943

“Any system of economics is bankrupt if it sees either value or virtue in unemployment.”

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