"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."

Life, Quality, Future, Income

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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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"A party of order or stability, and a party of progress or reform, are both necessary elements of a healthy state of political life."

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Explore more quotes by William Vickrey

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

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

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"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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"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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"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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"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."

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

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"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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"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."

Life, Quality, Future, Income