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William Vickrey Quotes


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Quotes by William Vickrey

Showing 1-10 of 19 Quotes by 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 sector to produce assets, so we need a larger government debt.

~William Vickrey

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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.

~William Vickrey

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

~William Vickrey

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

~William Vickrey

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

~William Vickrey

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

~William Vickrey

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It's insane to try to balance the budget.

~William Vickrey

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

~William Vickrey

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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

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

~William Vickrey

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Biography

Nationality: Canadian

Type: Educator

Born: June 21st, 1914

Died: October 11th, 1996

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