"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, Effect, Interest, Pressure

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"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."

Exlpore more Policy quotes

"Manufacturing and commercial monopolies owe their origin not to a tendency imminent in a capitalist economy but to governmental interventionist policy directed against free trade and laissez faire."

Ludwig von Mises, Austrian Economist

Policy, Economy, Manufacturing, Trade

"So, I'm lying on the couch and Laura walks in and I say, 'Free at last,' and she says 'You're free all right, you're free to do the dishes.' So I say, 'You're talking to the former president, baby,' and she said, 'consider this your new domestic policy agenda.'"

George W. Bush, American President

Policy, Baby, Lying

"In a constructive policy, there is 'adjust everywhere' and in a destructive policy, there is a policy of disadjustment."

Dada Bhagwan, Indian Spiritual Leader

Policy, Truth, Wisdom, Power, Life

"In the first place, when there is a policy of intentional aggression, inspired by a desire to get possession of the territory or the trade of another country, right or wrong, a pretext is always sought."

Elihu Root, American Lawyer

Policy, Aggression, Country, Desire

"We must shift the energy policy debate in America with an increased focus on alternative and renewable fuels and Congress must pass meaningful alternative fuels and incentive programs to help move the U.S. away from dependence on foreign oil."

Rick Renzi, American Politician

Policy, America, Congress, Debate

"There are legitimate, even powerful arguments, to be made against the Bush administration's foreign policy. But those arguments are complicated, hard to explain, and, in the end, not all that sensational."

Tucker Carlson, American Journalist

Policy, Arguments, End, Foreignpolicy

"The State Department desperately needs to be vigorously harnessed. It has too big a role to play in the formulation of foreign policy, and foreign policy is too important to be left up to foreign service officers."

Evan G. Galbraith, American Diplomat

Policy, Foreignpolicy, Needs, Play

"Foreign aid is neither a failure nor a panacea. It is, instead, an important tool of American policy that can serve the interests of the United States and the world if wisely administered."

Lee H. Hamilton, American Politician

Policy, Failure, States

"Once I should have been, if not satisfied, partially, at least, contented with suffrage for the intelligent and those who have been soldiers; now I am convinced that universal suffrage is demanded by sound policy and impartial justice."

Salmon P. Chase, American Politician

Policy, Justice, Now, Soldiers

"The objective of nuclear-weapons policy should not be solely to decrease the number of weapons in the world, but to make the world safer - which is not necessarily the same thing."

Herman Kahn, American Scientist

Policy, Weapons, World

Explore more quotes by 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

"The nominal budget is a poor indicator of the impact of government outlays and revenues."

Government

"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."

Economy

"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

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

Balance

"The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression."

Politics

"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

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

Economy

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

Evil

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

Balance