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"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."
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"Since we took office, inflation, the fiscal deficit and the balance of payments current account deficit have all fallen. GDP growth, foreign exchange reserves, stock market valuations, and investor confidence have all increased. This success is the result of a series of well thought out policies."

"Market economy favors the have against the have not."

"But economic recovery must be earned. And it will be earned by entrepreneurs and it will be earned by small businesses."

"Economics is extremely useful as a form of employment for economists."

"My first priority is growing this economy in the long term, and stimulating it in the short term."

"Our growing, robust economy is able to provide the average American citizen access to the best social program there is - a steady job."

"Right now, every American is affected by high energy prices. Working families, small businesses and consumers across the country are feeling the pinch with no end in sight."
Explore more quotes by 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 paying a living wage within 48 hours."

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

"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."

"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."

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

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

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

"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."

"Nearly all educational expenditure should be considered a capital outlay, whether it provides a future return in the form of enhanced taxable income or in terms of an enhanced quality of life."
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