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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."
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"The most dangerous thing to the USA population is not North Korea, it is the USA government."
"Politicians look for interests not people."
"And they that rule in England, in stately conclaves met, alas, alas for England they have no graves as yet."
"I believe the term is 'eminent domain.'Ah, yes. That means 'theft by the government."
"Patriotism in its simplest, clearest and most indubitable signification is nothing else but a means of obtaining for the rulers their ambitions and covetous desires, and for the ruled the abdication of human dignity, reason, conscience, and a slavish enthrallment to those in power."
"The role of political leadership in any society will remain critical to the socio-economic progression of the world. It is however worrying to see the growing number of people, including the youth, getting into politics for economic gain and not for a cause. This, inter alia, is the contaminated seed and eventual root of chronic corruption because such leadership will always be selfishly seeking gain and enrichment from their roles and offices."
"Political or military commentators, like astrologers, can survive almost any mistake, because their more devoted followers do not look to them for an appraisal of the facts but for the stimulation of nationalistic loyalties."
Explore more quotes by William Vickrey
"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."
"Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level."
"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."
"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."
"Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain."
"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."
"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."
"The nominal budget is a poor indicator of the impact of government outlays and revenues."
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