William Vickrey Quotes
- To stick to the present situation would be something like a man who was observed in Times Square looking earnestly along the pavement. He was…
- 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…
- The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.
- Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.
- Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
- The nominal budget is a poor indicator of the impact of government outlays and revenues.
- 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…
- 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…
- 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,…
- 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…
- Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.
- 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…
- Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.
- 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…
- 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…
- It (land value taxation) guarantees that no one dispossess fellow citizens by obtaining a disproportionate share of what nature provides for humanity.
- ... often analysis seems to be based on the assumption that future economic output is almost entirely determined by inexorable economic forces independently of government…
- 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…
- This paper was one of my digressions into abstract economics.
- 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…