Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.
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
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
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare. - William Vickrey
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.
Nearly all educational expenditure should be considered a capital outlay. Education provides a future return in the form of enhanced taxable income a… - William Vickrey
Nearly all educational expenditure should be considered a capital outlay. Education provides a future return in the form of enhanced taxable income a…
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level. - William Vickrey
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
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 hamst… - William Vickrey
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 hamst…
Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief. - William Vickrey
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 se… - William Vickrey
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 se…
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,… - William Vickrey
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,…
Practically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job… - William Vickrey
Practically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job…
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