In fact, the wage-price spiral is the functional counterpart of unemployment. The latter occurs when there is insufficient demand; the spiral operates when there is too much and also,unfortunately, when there is just enough.
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Chapter XXII, Section 4, p. 255John Kenneth Galbraith
» John Kenneth Galbraith - all quotes »
You can get a much better fee — I tell you as auditors quite frankly — it's much easier to get a great deal of money out of somebody who's on a down spiral into becoming MEST than it is to get money out of somebody who is going on an up spiral toward becoming theta.
L. Ron Hubbard
Government spending cannot create additional jobs. If the government provides the funds required by taxing the citizens or by borrowing from the public, it abolishes on the one hand as many jobs as it creates on the other. If government spending is financed by borrowing from the commercial banks, it means credit expansion and inflation. If in the course of such an inflation the rise in commodity prices exceeds the rise in nominal wage rates, unemployment will drop. But what makes unemployment shrink is precisely the fact that real wage rates are falling.
Ludwig von Mises
Many a man may look respectable, and yet be able to hide at will behind a spiral staircase.
P. G. Wodehouse
Out of nowhere they come like embers suddenly aflame
With living reach
Spiral infinity
Being.Sun Ra
It was developing countries where people are more cheery, wasn't it? ... Well, because when people are materially disadvantaged, maybe they're more optimistic, because they know that their destiny's not entirely in their own hands. And so they just have to hope for the best. Whereas in the developed world, where materially we've got plenty of stuff, and lots of opportunities, we know that the only thing stopping us from being happy is ourselves, which of course is a kind of downward spiral into disillusionment and hopelessness, isn't it, really? Because you can't -- you're never gonna get rid of yourself, so if you're basically unhappy, you're always gonna be unhappy, and in the remaining time that you've got left, you're either gonna be in despair about the fact that you've wasted your life, or maybe a bit cheerful about the fact that it's nearly over.
Jeremy Hardy
Galbraith, John Kenneth
Galeano, Eduardo
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