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.." - Meaning and 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..

— Jimmy Carter

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "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.." in the context of "" to mean that wisdom is timeless.

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Source: The 'What it means' explanation text was generated by Google Gemini Flash (accessed February 01, 2026). https://gemini.google.com/app
Jimmy Carter

About Jimmy Carter

James Earl Carter, Jr. (October 1, 1924 – December 29, 2024) was an American politician and member of the Democratic Party who served as the 39th president of the United States from 1977 to 1981. In 1982 he established the Carter Center, as a base for promoting human rights, democracy, finding peaceful solutions to international conflicts, and advancing economic and social development, for which he was awarded the Nobel Peace Prize in 2002. He was a key figure in the Habitat for Humanity project, and has been noted for his criticism of Israel's role in the Israeli–Palestinian conflict.