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"Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare."
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Exlpore more Evil quotes
"She's had a long life of experience in noticing evil, fancying evil, suspecting evil and going forth to do battle with evil."
"There is no explanation for evil. It must be looked upon as a necessary part of the order of the universe. To ignore it is childish, to bewail it senseless."
"All evil is good become cancerous."
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."
"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."
"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."
"Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain."
"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 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."
"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 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."
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