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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."

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

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Donna Grant

"We pay some price when necessary to bring down inflation but that price is temporary and is not large relative to the permanent gain from reduced inflation."

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Personal Development

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Donna Grant

"A mutual arrangement, I repeat, is the only satisfactory medium whereby the present system can be carried on with any degree of satisfaction, and in such an arrangement the employers have more to gain than the workers."

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Personal Development

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Donna Grant

"I've never had to turn my hand to anything for monetary gain, other than pretending to be somebody else. I'm deeply fortunate."

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Personal Development

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Donna Grant

"Since he is of no use anymore, there is no gain if he lives and no loss if he dies."

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Personal Development

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Donna Grant

"To appreciate the noble is a gain which can never be torn from us."

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Donna Grant

"Do not gain basely; base gain is equal to ruin."

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Donna Grant

"To mourn and bewail your ill-fortune, when you will gain a tear from those who listen, this is worth the trouble."

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Personal Development

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Donna Grant

"I could never gain much weight. I've always had a fast metabolism."

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Personal Development

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Donna Grant

"Ignorance of one's misfortunes is clear gain."

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Donna Grant

"I worked hard. I worked late. I went in early. I did everything I could to gain an advantage."

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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
"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."

Government

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

Balance

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

Economy

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William Vickrey
"There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment."

Reason

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William Vickrey
"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."

Government

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William Vickrey
"Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare."

Evil

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