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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
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"William Vickrey Quotes." Quoteslyfe.com, 2024. Thu. 28 Mar. 2024. <https://www.quoteslyfe.com/quote/The-insane-pursuit-of-the-holy-grail-1165245>.





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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.



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.



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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Creativity is a fragile, delicate flower, which must be cautiously cared forand protected, from the harsh elementsof "human weather.

Creativity is a fragile, delicate flower, which must be cautiously cared forand protected, from the harsh elementsof "human weather.



There was no guarantee of victory if I remained the same or just tried to be myself, but there was certain defeat in pretending to be something I was not.

There was no guarantee of victory if I remained the same or just tried to be myself, but there was certain defeat in pretending to be something I was not.



What is your type?"I shrugged. "Non-existent.

What is your type?"I shrugged. "Non-existent.



Do not ask questions until you have trained yourself not to know the answers.

Do not ask questions until you have trained yourself not to know the answers.



No man is ever old enough to know better.

No man is ever old enough to know better.



Determination, energy, and courage appear spontaneously when we care deeply about something. We take risks that are unimaginable in any other context.

Determination, energy, and courage appear spontaneously when we care deeply about something. We take risks that are unimaginable in any other context.



I was strong enough not to let them get the best of me, but I'm definitely one who has taken what people say to heart and let it eat away at me.

I was strong enough not to let them get the best of me, but I'm definitely one who has taken what people say to heart and let it eat away at me.



As a boy, I wanted to be the Peruvian Diego Maradona. Sadly, Peru hasnt made the World Cup since 1982, so I guess I did well to choose something different.

As a boy, I wanted to be the Peruvian Diego Maradona. Sadly, Peru hasnt made the World Cup since 1982, so I guess I did well to choose something different.



I think that feels like it to me. I mean whenever you talk about writing I think you have to remember that it all has a big question mark over it - every word has a big question mark over it.

I think that feels like it to me. I mean whenever you talk about writing I think you have to remember that it all has a big question mark over it - every word has a big question mark over it.




Quote Description


This page presents the quote "The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.". Author of this quote is William Vickrey. This quote is about pursuit, insane, holy grail, depression, balanced, economy,.