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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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"Patriotism is the narcissism of countries."
"Extreme positions are not succeeded by moderate ones, but by contrary extreme positions."
"A reactionary is a somnambulist walking backwards."
"I seldom think of politics more than eighteen hours a day."
"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."
"Democracy, freedom and liberty do not make us more than what we are; it is our commitment that matters."
Explore more quotes by William Vickrey
"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."
"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."
"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."
"Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain."
"Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare."
"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."
"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."
"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."
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