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Exlpore more Reason quotes
"Behind every effect there is a cause. You can never eliminate an effect without first understanding its cause."
"Man's life, as required by his nature, is not the life of a mindless brute, of a looting thug or a mooching mystic, but the life of a thinking being-not life by means of force or fraud, but life by means of achievement-not survival at any price, since there's only one price that pays for man's survival: reason."
"Religion is a distraction from true education."
"The cheese-mites asked how the cheese got there, And warmly debated the matter; The Orthodox said that it came from the air, And the Heretics said from the platter. They argued it long and they argued it strong, And I hear they are arguing now; But of all the choice spirits who lived in the cheese, Not one of them thought of a cow."
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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