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"It's insane to try to balance the budget."
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"There is more to life than making a living. Do not work more than you live."
"Each way of being is more valued in the presence of the other. This balance between making camp and following the seasons is both very ancient and very new. We all need both."
"If you are too busy to love, you are too busy to live; if you are too busy to live, you are too busy to love."
"Skill + hard work = SuccessSkill + hard work + prayer = Great success"
"The sea, no matter how endless, depends on rivers."
"The heart is like a woman, and the head is like a man, and although man is the head of woman, woman is the heart of man, and she turns man's head because she turns his heart."
"We all encounter things that we can't perhaps change and that's OK because surely there are many other things that we can."
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."
"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."
"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."
"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."
"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."
"The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression."
"Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare."
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