"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

"Again, President Reagan was sort of an amiable presence out at the ranch by the last 6 months of his presidency. He had no effect on national policy at all."

Paul Begala, American Journalist

Policy, Effect, Months, Presidency

"If the staff lacks policy guidance against which to test decisions, their decisions will be random."

Donald Rumsfeld, American Politician

Policy, Decisions, Guidance, Will

"A policy is a temporary creed liable to be changed, but while it holds good it has got to be pursued with apostolic zeal."

Mahatma Gandhi, Indian Leader

Policy, Zeal

"The trade unions, far from being content with these declarations, established international liaisons and supported every policy based on pacification and understanding."

Leon Jouhaux, French Leader

Policy, Being, Content, Trade

"We shall listen, not lecture; learn, not threaten. We will enhance our safety by earning the respect of others and showing respect for them. In short, our foreign policy will rest on the traditional American values of restraint and empathy, not on military might."

Theodore C. Sorensen, American Lawyer

Policy, Values, Empathy

"Knowing policy does help make the gossip more understandable."

Tabitha Soren, American Celebrity

Policy, Gossip, Help

"A public man must never forget that he loses his usefulness when he as an individual, rather than his policy, becomes the issue."

Richard M. Nixon, American President

Policy, Forget, Man, Public

"The greatest difference between now and 1964, when I began teaching, is that public policy has pretty much eradicated the dream of Martin Luther King."

Jonathan Kozol, American Writer

Policy, Dream, Difference, Martin

"When you look at where the Democratic field is going relative to foreign policy, they are increasingly moving away from a policy of pre-emptive self-defense that the president has adopted since September 11."

Ed Gillespie, American Politician

Policy, Foreignpolicy, President, Self

"I believe that this is the key, the principle itself is the key to conservatism. Because in many ways if you do not have a principled base you do not have policy and if you do not have policy in many ways you do not have an ideology."

Jonathan Krohn, American Author

Policy, Conservatism, Ideology, Key

Explore more quotes by William Vickrey

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

Economy

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

Balance

"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

"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

"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

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

Gain

"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

"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

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

Balance

"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