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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
"Our greatest pretenses are built up not to hide the evil and the ugly in us, but our emptiness. The hardest thing to hide is something that is not there."
"Don't speak evil of someone if you don't know for certain, and if you do know ask yourself, why am I telling it?"
Evil,
"The joy of seeing another person in pain, frustrated or angry is a delicacy only for the most wicked."
"Seeing them assembled in Tartarus, Percy felt as hopeless as the spirits in the River Cocytus. So what if he was a hero? So what if he did something brave? Evil was always here, regenerating, bubbling under the surface. Percy was no more than a minor annoyance to these immortal beings. They just had to outwait him. Someday, Percy's sons or daughters might have to face them all over again."
"Some things must be good in themselves, else there could be no measure whereby to lay out good and evil."
"Fascism is not defined by the number of its victims, but by the way it kills them."
Explore more quotes by William Vickrey
"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."
"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."
"Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level."
"The nominal budget is a poor indicator of the impact of government outlays and revenues."
"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 insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression."
"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."
"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."
"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."
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