- Job
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- Nov 07, 2020
William Vickrey Quotes
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- Last Updated on May 30, 2021
- 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.
- 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.
- Permanent
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- Nov 07, 2020
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 permanent situation.
- Past
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- Nov 07, 2020
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.
- Down
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- Nov 07, 2020
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.
- High
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- Nov 07, 2020
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.
- Point
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- Nov 07, 2020
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.
- Next
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- Nov 07, 2020
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.
- Future
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- Nov 07, 2020