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William Vickrey Quotes

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William Vickrey Quotes: "The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression."

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.



William Vickrey Quotes: "Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare."

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.




William Vickrey Quotes: "There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment."

There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment.



William Vickrey Quotes: "Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level."

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.




William Vickrey Quotes: "Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief."

Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.



William Vickrey Quotes: "Practically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job paying a living wage within 48 hours."

Practically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job paying a living wage within 48 hours.



William Vickrey Quotes: "Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation."

Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.




William Vickrey Quotes: "The nominal budget is a poor indicator of the impact of government outlays and revenues."

The nominal budget is a poor indicator of the impact of government outlays and revenues.



William Vickrey Quotes: "Nearly all educational expenditure should be considered a capital outlay. Education provides a future return in the form of enhanced taxable income and an enhanced quality of life."

Nearly all educational expenditure should be considered a capital outlay. Education provides a future return in the form of enhanced taxable income and an enhanced quality of life.



William Vickrey Quotes: "Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain."

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.



William Vickrey Quotes: "It (land value taxation) guarantees that no one dispossess fellow citizens by obtaining a disproportionate share of what nature provides for humanity."

It (land value taxation) guarantees that no one dispossess fellow citizens by obtaining a disproportionate share of what nature provides for humanity.



William Vickrey Quotes: "If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain."

If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain.




William Vickrey Quotes: "To stick to the present situation would be something like a man who was observed in Times Square looking earnestly along the pavement. He was asked what he was looking for. He said "I lost my watch.""

To stick to the present situation would be something like a man who was observed in Times Square looking earnestly along the pavement. He was asked what he was looking for. He said "I lost my watch."