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William Vickrey

"Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief."

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"Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief."

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Assegid Habtewold

"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!"

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Personal Development

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Assegid Habtewold

"Accept the fullness in life's balance, which demands that there are positive gifts along with adversity."

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Personal Development

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Assegid Habtewold

"Discomfort: the valley between the body and the soul. Comfort: the bridge between the body and the soul."

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Personal Development

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Assegid Habtewold

"The pleasure is there, between your expectations and regrets."

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Personal Development

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Assegid Habtewold

"There can be a fine line between being confident and cocky."

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Personal Development

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Assegid Habtewold

"Life is a balance between letting go and holding on."

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Personal Development

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Assegid Habtewold

"Extreme right-wingers are known for giving God a bad name; extreme left-wingers are known for giving God a weak name. He's not as simple as conservative versus liberal, old versus new. His wings are balanced. God is both and neither."

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Personal Development

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Assegid Habtewold

"God has said for us to know bad, as bad and good, as good. But while knowing the bad, there should not be the slightest abhorrence towards it and while knowing the good, there should not be slightest attachment towards it. Without knowing bad, as bad, the good cannot be known as good."

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Personal Development

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Assegid Habtewold

"The supreme hallmark of reality is balance."

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Personal Development

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Assegid Habtewold

"With no positivity, there is no hope; with no negativity, there is no improvement."

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Personal Development

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William Vickrey
"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."

Economy

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William Vickrey
"This paper was one of my digressions into abstract economics."

Economy

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William Vickrey
"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."

Job

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William Vickrey
"It's insane to try to balance the budget."

Balance

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William Vickrey
"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."

Policy

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William Vickrey
"Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level."

Economy

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William Vickrey
"Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain."

Gain

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William Vickrey
"Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief."

Balance

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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."

Performance

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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."

Job

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