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"Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level."
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"Since we took office, inflation, the fiscal deficit and the balance of payments current account deficit have all fallen. GDP growth, foreign exchange reserves, stock market valuations, and investor confidence have all increased. This success is the result of a series of well thought out policies."
"Economic growth cannot only be restricted to a few cities and a few citizens. Development has to be all-round and all-inclusive."
"Belonging to the working class is the economy's punishment for those who did what they were told to do in class."
"Because of the power that we have given money: The government would rather have taxpayers who do not vote, than voters who do not pay tax."
"Not every single broke and unemployed person needs a job, some need customers."
"A reputation for money is almost as negotiable as money itself."
"Capitalism is the most powerful tool for positive social change."
"Market economy favors the have against the have not."
"You can't tax business. Business doesn't pay taxes. It collects taxes."
"India is poised to contribute as a new engine of global growth. A larger Indian economy has multiple benefits for the world. India presents a large and growing market. But India is much more than a market. India is a reliable partner; a source of high quality scientific, engineering and managerial talent."
Explore more quotes by 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."
"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."
"Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare."
"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."
"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."
"Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain."
"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."
"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."
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