"The automatic stabilizer is unemployment insurance, food stamps, additional coverage of Medicaid"
- Franklin Raines
About this Quote
Franklin Raines' quote is describing the automatic stabilizer, which is a tool utilized by governments to help support the economy. The automated stabilizer works by offering support to those who are affected by financial recessions, such as those who are jobless or have low earnings. This help can come in the kind of unemployment insurance, food stamps, and additional protection of Medicaid. These programs help to guarantee that those who are impacted by financial declines have access to the resources they require to survive and get back on their feet. By supplying this support, the automatic stabilizer assists to lower the seriousness of economic declines and assists to make sure that the economy remains stable.
"Not necessity, not desire - no, the love of power is the demon of men. Let them have everything - health, food, a place to live, entertainment - they are and remain unhappy and low-spirited: for the demon waits and waits and will be satisfied"
"In the 5 years, well over 60,000 American families have been broken apart by the absence of insurance because the only way for parents to get treatment for their children is to turn the custody of those children over to the State"
"What we're talking about is the price of goods, all goods, in terms of money. That has nothing to do with unemployment, except for the fact that you get fewer goods. And when you have more money and fewer goods, the amount of dollars per good goes up. It goes up because there are fewer goods and it goes up because there is more money"
