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William Vickrey

"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."

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"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."

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"The condition you're in at this moment is the product of your previous thoughts, to change your condition, change your thoughts."

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"You, your thoughts, and your imagination control the doorway to happiness. Service to the humanity is key to that doorway."

Explore more quotes by William Vickrey

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William Vickrey
"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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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."
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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."
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William Vickrey
"The nominal budget is a poor indicator of the impact of government outlays and revenues."
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William Vickrey
"Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level."
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William Vickrey
"It's insane to try to balance the budget."
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William Vickrey
"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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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."
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William Vickrey
"This paper was one of my digressions into abstract economics."
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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."
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