Top 10 William Vickrey Quotes

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Last Updated on May 30, 2021

Job
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Nov 07, 2020

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.

Attempting
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Nov 07, 2020

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

Balanced Budget
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Nov 07, 2020

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

Nov 07, 2020

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

Loss
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Nov 07, 2020

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

Budget
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Nov 07, 2020

It's insane to try to balance the budget.

Greater Evil
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Nov 07, 2020

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

Depression
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Nov 07, 2020

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.

Government
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Nov 07, 2020

The nominal budget is a poor indicator of the impact of government outlays and revenues.

Economics
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Nov 07, 2020

This paper was one of my digressions into abstract economics.

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