top of page
.png){kind=small}
"It's insane to try to balance the budget."
Standard
Customized
Exlpore more Balance quotes
"The great art of life is to moderate our passions. Objects of affection are like other belongings. We must love them enough to enrich our lives while we have them, not enough to impoverish our lives when they are gone."
"If you move faster than the music, it will look strange; if you move slower than the music, it will look strange! Be like autumn leaves which follow exactly the rhythm of the wind!"
"Don't always deprive yourself trying to please others."
"Without suffering, there's no happiness. So we shouldn't discriminate against the mud. We have to learn how to embrace and cradle our own suffering and the suffering of the world, with a lot of tenderness."
"The absolute value of being neutral is zero."
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."
"Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain."
"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."
bottom of page