The nominal budget is a poor indicator of the impact of government outlays and revenues.
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…
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,…
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…
Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief. - William Vickrey
Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.
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…
Login to join the discussion
Login to join the discussion