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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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"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!"
"If a country is not governed well, all sort of disasters will become a routine of that country!"
"Some politicians are much noisier than the dogs! Just like teaching a dog how to hush, public must likewise teach those politicians to shush!"
"Is your country under great dangers? Light is gone and the darkness is everywhere? You don't know whom to trust and what to do? Read the history of your country! There you will find out the best map for the way out!"
"Here is a tragicomic reality of all the regimes: People work hard to feed their thief politicians, their thief kings and thief queens or their thief presidents! And therefore the tragicomic reality of all the times is this: There can exist no thieves without the support of people!"
Explore more quotes by 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."
"The nominal budget is a poor indicator of the impact of government outlays and revenues."
"Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level."
"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."
"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."
"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."
"Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare."
"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."
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