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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
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"William Vickrey Quotes." Quoteslyfe.com, 2024. Mon. 29 Apr. 2024. <https://www.quoteslyfe.com/quote/Larger-deficits-are-necessary-and-proper-means-1165242>.





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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.



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.



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.





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Naisip kong hindi maaaring magkaroon ng perpektong buhay ang isang tao. Hindi natin makukuha ang lahat ng gusto natin. Hindi umaayon ang lahat sa kagustuhan natin. Walang exception doon.

Naisip kong hindi maaaring magkaroon ng perpektong buhay ang isang tao. Hindi natin makukuha ang lahat ng gusto natin. Hindi umaayon ang lahat sa kagustuhan natin. Walang exception doon.



Have we ever thought to consider that God allows things in our lives to die so that in that death we might come to the precious realization of how little we’ve actually lived in the first place?

Have we ever thought to consider that God allows things in our lives to die so that in that death we might come to the precious realization of how little we’ve actually lived in the first place?



The thing that impresses me most about this country is its hopefulness. It is this which distinguishes it from Europe, where there is hopeless depression and fear.

The thing that impresses me most about this country is its hopefulness. It is this which distinguishes it from Europe, where there is hopeless depression and fear.



Whether the charmer sinner it, or saint it, If folly grow romantic, I must paint it.

Whether the charmer sinner it, or saint it, If folly grow romantic, I must paint it.



It doesn´t come later. Everything you´re supposed to do is here right now.

It doesn´t come later. Everything you´re supposed to do is here right now.



It's very crucial that you get your feelings out- but don't ever inflict harm on your body because your body is sacred

It's very crucial that you get your feelings out- but don't ever inflict harm on your body because your body is sacred



Faith in Christ is able to endure doubts-it's able to endure temptations-bec ause it faces them, not because it pretends they're not there.

Faith in Christ is able to endure doubts-it's able to endure temptations-bec ause it faces them, not because it pretends they're not there.



I want to inspire people to desire to see the praise that comes from the one and only true God. Above all else. That is what God has laid on my heart and the message that I bring to you.

I want to inspire people to desire to see the praise that comes from the one and only true God. Above all else. That is what God has laid on my heart and the message that I bring to you.



Nothing is lost forever. Trying keeps the hope alive.

Nothing is lost forever. Trying keeps the hope alive.




Quote Description


This page presents the quote "Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.". Author of this quote is William Vickrey. This quote is about welfare, unemployment, greater, mean, evil,.