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Top William Vickrey Quotes

Browse top 16 most favorite famous quotes and sayings by William Vickrey.

Favorite William Vickrey Quotes

1. "Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare." ~ William Vickrey
2. "The nominal budget is a poor indicator of the impact of government outlays and revenues." ~ William Vickrey
3. "This paper was one of my digressions into abstract economics." ~ William Vickrey
4. "I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably calling for a rate of unemployment, as currently measured, of between 1 and 2 percent." ~ William Vickrey
5. "Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation." ~ William Vickrey
6. "Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed." ~ William Vickrey
7. "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
8. "Nearly all educational expenditure should be considered a capital outlay, whether it provides a future return in the form of enhanced taxable income or in terms of an enhanced quality of life." ~ William Vickrey
9. "The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the private sector to produce assets, so we need a larger government debt." ~ William Vickrey
10. "The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure." ~ William Vickrey
11. "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." ~ William Vickrey
12. "Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain." ~ William Vickrey
13. "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
14. "Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief." ~ William Vickrey
15. "Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level." ~ William Vickrey
16. "Don't you think you're just rearranging deck chairs on the Titanic?" ~ William Vickrey

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Today's Quote

No one can serve two masters. Either he will hate the one and love the other, or he will be devoted to the one and despise the other. You cannot serve both God and Money."
Author: Anonymous

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