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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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Donna Grant

"I believe the term is 'eminent domain.'Ah, yes. That means 'theft by the government."

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Personal Development

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Donna Grant

"There is no single truth in a world ruled by many political parties."

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Donna Grant

"Democracy is good, but it is not good for an uneducated dogmatic society. Often, that society does not know how to choose wisely."

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Donna Grant

"If you have to say or do something controversial, aim so that people will hate that they love it and not love that they hate it."

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Donna Grant

"A country that publicly threatens to completely destroy another nation should not be surprised when a preemptive surprise attack occurs from that nation and their allies."

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Donna Grant

"If a politician obtained a great wealth after he has been elected, his being an immoral corrupt man is not a possibility but it is a self-evident reality!"

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Donna Grant

"The mass communications that could enable our politics for good have instead turned it into a bland conglomeration of stinted opinion cloaked in the occasional media frenzy of blame or denial."

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Donna Grant

"Bringing countries together above their conflicts require great minds and great hearts."

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Donna Grant

"We are a little land. And little lands on the borders of a great empire were always hateful to the lords of the great empire. He longs to blot them out, gobble them up."

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Donna Grant

"If a country is not governed well, all sort of disasters will become a routine of that country!"

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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
"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."

Performance

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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
"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
"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
"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."

Government

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

Balance

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