Top 10 William Vickrey Quotes

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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.

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.

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

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

It's insane to try to balance the budget.

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

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

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

This paper was one of my digressions into abstract economics.

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