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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."

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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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Assegid Habtewold

"Democracy is not perfect. It is an imperfection that the majority choose to support."

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Personal Development

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Assegid Habtewold

"The Church of England is the Tory party at prayer."

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Personal Development

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Assegid Habtewold

"Politics are for foreigners with their endless wrongs and paltry rights. Politics are a lousy way to get things done. Politics are, like God's infinite mercy, a last resort."

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Personal Development

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Assegid Habtewold

"There is this common notion that young conservatives are the few, that most people had liberal worldviews when they were young. If this is true, then it is with great irony that a number of old liberals must never had progressed into conservatives as they grew older."

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Assegid Habtewold

"The most dangerous thing to the USA population is not North Korea, it is the USA government."

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Assegid Habtewold

"If you are stupid enough not to know the difference between the devil and the angel, you quickly find the devil! This is what happens to most people in democracies just after elections!"

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Assegid Habtewold

"A hundred words put together to formulate an excuse will never resolve a conflict, political justifications are silly lies."

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Assegid Habtewold

"On the Night of the Halloween, I have never seen any evil apparition or fearsome ghost but politicians on TV! They are the real goblins and specters!"

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Assegid Habtewold

"Literature has to serve as a moral control of politics."

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Assegid Habtewold

"To vote or not... it really doesn't matter it = 1 vote... as for the others with one vote somebody could beat you."

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William Vickrey
"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

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

Economy

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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."

Economy

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William Vickrey
"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

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

Balance

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William Vickrey
"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

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

Economy

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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."

Politics

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

Gain

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

Balance

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