Achieve Quote by William Vickrey
“Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.”
About This Quote
Source Book: Public Economics, William Vickrey, 1975
Attempting a false budget balance creates more problems than it solves.
In simple terms: Fake budget balance causes trouble.
Prioritize realistic budgeting.
Themes
Mood
Type
When to use this quote
- government finance
- public spending
- tax policy
- economic planning
Key Concepts
Questions to Reflect On
- How can budgets be both realistic and responsible?
- What are the risks of over‑balancing?
Artificial balance can hide underlying inefficiencies.