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

Politics, Depression, Economy, End, Pursuit

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

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

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Explore more quotes by 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, Bargain, Inflation, Unemployment

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

Politics, Depression, Economy, End, Pursuit

"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, Inflation, Unemployment

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

Economy, Inflation

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

Balance, Nothing, Will

"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."

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"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."

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"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."

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"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."

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

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