All William Vickrey Quotes
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
60% of people like this quote
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
58% of people like this quote
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
58% of people like this quote
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
57% of people like this quote
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
56% of people like this quote
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 a state of genuine full employment.
William Vickrey
54% of people like this quote
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
53% of people like this quote
This paper was one of my digressions into abstract economics.
William Vickrey
52% of people like this quote
The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.
William Vickrey
52% of people like this quote
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
50% of people like this quote
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
50% of people like this quote
Don't you think you're just rearranging deck chairs on the Titanic?
William Vickrey
50% of people like this quote
The nominal budget is a poor indicator of the impact of government outlays and revenues.
William Vickrey
49% of people like this quote
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
William Vickrey
48% of people like this quote
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