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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
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Other quotes of William Vickrey


There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.

There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.



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.



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.



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.



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.



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.



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.



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.



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.



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.





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Man is a clever animal who behaves like an imbecile.

Man is a clever animal who behaves like an imbecile.



Who has fear? The one who has greed has fear.

Who has fear? The one who has greed has fear.



When have I ever given him the impression that I was okay with him just stopping by whenever he wanted to use my body as an organic garbage disposal?

When have I ever given him the impression that I was okay with him just stopping by whenever he wanted to use my body as an organic garbage disposal?



Truth has been displaced as a value and replaced by psychological effectiveness.

Truth has been displaced as a value and replaced by psychological effectiveness.



The Christian's whole desire, at its best and highest, is that Jesus Christ be praised. It is always a wretched bastardization of our goals when we want to win glory for ourselves instead of for him.

The Christian's whole desire, at its best and highest, is that Jesus Christ be praised. It is always a wretched bastardization of our goals when we want to win glory for ourselves instead of for him.



As the Indian economy adds strength to our region and the world, it will also benefit Mongolia.

As the Indian economy adds strength to our region and the world, it will also benefit Mongolia.



You see, being bald and wearing that gray starship uniform, I would have looked like a boy. I wanted to look like a sexy female.

You see, being bald and wearing that gray starship uniform, I would have looked like a boy. I wanted to look like a sexy female.



There's a lot more future in hamburgers than in baseball.

There's a lot more future in hamburgers than in baseball.



No oyster in the world tastes as good as a Gulf oyster.

No oyster in the world tastes as good as a Gulf oyster.



Do good when you remember, and what you forget will be revealed to you; and do not surrender your mind to blind forgetfulness.

Do good when you remember, and what you forget will be revealed to you; and do not surrender your mind to blind forgetfulness.




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This page presents the quote "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.". Author of this quote is William Vickrey. This quote is about percent, inflation, steady, cost, assured, rate, unemployment, would be, years,.