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"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."
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"As busy as I claim to be, I've still got the greatest job in the world."

"I don't very often think I've done a good job. I don't like the majority of what I do. I shouldn't say I don't like it, but I'm not satisfied with almost everything that I do."
Explore more quotes by William Vickrey

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

"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."

"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."

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

"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."

"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."

"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."
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