32 Quotes by William Vickrey

Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

Don't you think you're just rearranging deck chairs on the Titanic?

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.

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.

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

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.

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

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.