---
title: "3 Balanced Quotes By William Vickrey"
description: "3 Balanced quotes by William Vickrey. Plus more from William Vickrey and more Balanced sayings from other authors."
image: "https://sms4smile.com/quotes/i/b5f/william-vickrey-23056_balanced_deficits-do-not-in-themselves-produce-in_536767.png"
---

> [Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.](https://sms4smile.com/quotes/william-vickrey/deficits-do-not-in-themselves-produce-inflation-nor-does-a-balanced/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

[Image](https://sms4smile.com/quotes/i/b5f/william-vickrey-23056_balanced_deficits-do-not-in-themselves-produce-in_536767.png)

> [There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point…](https://sms4smile.com/quotes/william-vickrey/there-is-no-real-justification-for-a-requirement-that-a-budget-of-any/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

[Image](https://sms4smile.com/quotes/i/16e/william-vickrey-23056_balanced_there-is-no-real-justification-for-a-req_711000.png)

> [The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a…](https://sms4smile.com/quotes/william-vickrey/the-insane-pursuit-of-the-holy-grail-of-a-balanced-budget-in-the-end/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

[Image](https://sms4smile.com/quotes/i/705/william-vickrey-23056_balanced_the-insane-pursuit-of-the-holy-grail-of_923222.png)

## Other authors on Balanced

## More by William Vickrey

> [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…](https://sms4smile.com/quotes/william-vickrey/the-supply-side-effect-of-a-restrictive-monetary-policy-is-likely-to/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [It's insane to try to balance the budget.](https://sms4smile.com/quotes/william-vickrey/it-s-insane-to-try-to-balance-the-budget/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a…](https://sms4smile.com/quotes/william-vickrey/currently-a-level-of-unemployment-of-7-or-more-seems-to-be-required/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [This paper was one of my digressions into abstract economics.](https://sms4smile.com/quotes/william-vickrey/this-paper-was-one-of-my-digressions-into-abstract-economics/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.](https://sms4smile.com/quotes/william-vickrey/deficits-do-not-in-themselves-produce-inflation-nor-does-a-balanced/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.](https://sms4smile.com/quotes/william-vickrey/balancing-a-nominal-budget-will-solve-nothing-and-attempting-to/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably…](https://sms4smile.com/quotes/william-vickrey/i-define-genuine-full-employment-as-a-situation-where-there-are-at/)

[William Vickrey](https://sms4smile.com/quotes/author/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…](https://sms4smile.com/quotes/william-vickrey/there-is-no-real-justification-for-a-requirement-that-a-budget-of-any/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [Firms would be given initial entitlements to gross markup on the basis of past performance, adjusted by changes in labor and capital inputs. This…](https://sms4smile.com/quotes/william-vickrey/firms-would-be-given-initial-entitlements-to-gross-markup-on-the/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [The great increase in longevity has produced a surge in the desire to accumulate assets for retirement. It has outpaced the ability of the…](https://sms4smile.com/quotes/william-vickrey/the-great-increase-in-longevity-has-produced-a-surge-in-the-desire-to/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.](https://sms4smile.com/quotes/william-vickrey/the-insane-pursuit-of-the-holy-grail-of-a-balanced-budget-in-the-end/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [To stick to the present situation would be something like a man who was observed in Times Square looking earnestly along the pavement. He…](https://sms4smile.com/quotes/william-vickrey/to-stick-to-the-present-situation-would-be-something-like-a-man-who/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [The nominal budget is a poor indicator of the impact of government outlays and revenues.](https://sms4smile.com/quotes/william-vickrey/the-nominal-budget-is-a-poor-indicator-of-the-impact-of-government/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.](https://sms4smile.com/quotes/william-vickrey/larger-deficits-are-necessary-and-proper-means-to-mitigate/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

> [Practically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job paying…](https://sms4smile.com/quotes/william-vickrey/practically-the-desirable-situation-ought-to-be-one-in-which-any/)

[William Vickrey](https://sms4smile.com/quotes/author/william-vickrey/)

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