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, this would be a good bargain."

"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."

William Vickrey, Canadian Educator

Economy, Bargain, Inflation, Unemployment

4

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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."

"Employment is the biggest form of slavery."

Author Name

Personal Development

"But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed."

Author Name

Personal Development

"The economic base of a nation, is the foundation of the it's secrets."

Author Name

Personal Development

"I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about."

Author Name

Personal Development

"A farmer is a magician who produces money from the mud."

Author Name

Personal Development

"Because of the power that we have given money: The government would rather have taxpayers who do not vote, than voters who do not pay tax."

Author Name

Personal Development

"In capitalist nation, all is decided by money."

Author Name

Personal Development

"Not every single broke and unemployed person needs a job, some need customers."

Author Name

Personal Development

"Civilization transformed man from a food gatherer to a gatherer of pieces of paper: diplomas, employment contracts, money, etc."

Author Name

Personal Development

"India is poised to contribute as a new engine of global growth. A larger Indian economy has multiple benefits for the world. India presents a large and growing market. But India is much more than a market. India is a reliable partner; a source of high quality scientific, engineering and managerial talent."

Author Name

Personal Development

"Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation."

Economy

"This paper was one of my digressions into abstract economics."

Economy

"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."

Economy

"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."

Job

"It's insane to try to balance the budget."

Balance

"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."

Policy

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

Economy

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

Gain

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

Balance

"There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment."

Reason

4

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Customized

More

"Employment is the biggest form of slavery."

Author Name

Personal Development

"But a rise in the wages of labour would not equally affect commodities produced with machinery quickly consumed, and commodities produced with machinery slowly consumed."

Author Name

Personal Development

"The economic base of a nation, is the foundation of the it's secrets."

Author Name

Personal Development

"I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about."

Author Name

Personal Development

"A farmer is a magician who produces money from the mud."

Author Name

Personal Development

"Because of the power that we have given money: The government would rather have taxpayers who do not vote, than voters who do not pay tax."

Author Name

Personal Development

"In capitalist nation, all is decided by money."

Author Name

Personal Development

"Not every single broke and unemployed person needs a job, some need customers."

Author Name

Personal Development

"Civilization transformed man from a food gatherer to a gatherer of pieces of paper: diplomas, employment contracts, money, etc."

Author Name

Personal Development

Author Name

Personal Development

More

"Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation."

Economy

"This paper was one of my digressions into abstract economics."

Economy

"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."

Economy

"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."

Job

"It's insane to try to balance the budget."

Balance

"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."

Policy

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

Economy

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

Gain

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

Balance

"There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment."

Reason