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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
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"William Vickrey Quotes." Quoteslyfe.com, 2024. Mon. 29 Apr. 2024. <https://www.quoteslyfe.com/quote/The-nominal-budget-is-a-poor-indicator-1165253>.





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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.



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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...men are much softer than women, more sentimental. They cry at the movies and pretend not to. The male of the species is weak. He doesn’t tolerate pain well.

...men are much softer than women, more sentimental. They cry at the movies and pretend not to. The male of the species is weak. He doesn’t tolerate pain well.



If you restore balance in your own self, you will be contributing immensely to the healing of the world.

If you restore balance in your own self, you will be contributing immensely to the healing of the world.



Freud published The Interpretation of Dreams in 1900. It introduced the notion that there existed certain predictable and identifiable processes by which dreams were formed.

Freud published The Interpretation of Dreams in 1900. It introduced the notion that there existed certain predictable and identifiable processes by which dreams were formed.



Love abounds in all things, excels from the depths to beyond the stars, is lovingly disposed to all things. She has given the king on high the kiss of peace.

Love abounds in all things, excels from the depths to beyond the stars, is lovingly disposed to all things. She has given the king on high the kiss of peace.



Greatness of mind becomes an object of love only when the power at work in it itself has a noble character

Greatness of mind becomes an object of love only when the power at work in it itself has a noble character



Denial: my family heritage. If you don't ask the questions, the truth will never inconvenience you.

Denial: my family heritage. If you don't ask the questions, the truth will never inconvenience you.



There's never one "ding-dong" moment.You never know for sure if you're doing the right thing. Things don't end all at once.

There's never one "ding-dong" moment.You never know for sure if you're doing the right thing. Things don't end all at once.



No ability, no strength and force, no power of intellect or power of wealth, shall avail us, if we have not the root of right living in us.

No ability, no strength and force, no power of intellect or power of wealth, shall avail us, if we have not the root of right living in us.



Theological religion is the source of all imaginable follies and disturbances. It is the parent of fanaticism and civil discord; it is the enemy of mankind.

Theological religion is the source of all imaginable follies and disturbances. It is the parent of fanaticism and civil discord; it is the enemy of mankind.



There's a sweet nirvana, Stirring on a jazzy, North Beach night

There's a sweet nirvana, Stirring on a jazzy, North Beach night




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This page presents the quote "The nominal budget is a poor indicator of the impact of government outlays and revenues.". Author of this quote is William Vickrey. This quote is about impact, government, poor,.