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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
"Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief."
"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."
"There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government."
"Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level."
"Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare."
"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."
"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."
"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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