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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
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"The humblest individual exerts some influence, either for good or evil, upon others."
"The resolution to avoid an evil is seldom framed till the evil is so far advanced as to make avoidance impossible."
Explore more quotes by William Vickrey
"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."
"Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level."
"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."
"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."
"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."
"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."
"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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