Phrase by 'William Vickrey'
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This paper was one of my digressions into abstract economics.
Author: William Vickrey - Canadian EducatorAbstract , Paper , Economics
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
Author: William Vickrey - Canadian EducatorPrice , Level , Budget , Inflation
Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.
Author: William Vickrey - Canadian EducatorOut , Without , Loss , Gain
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.
Author: William Vickrey - Canadian EducatorJob , Situation , Genuine , Unemployment
Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.
Author: William Vickrey - Canadian EducatorNothing , Will , Balance , Achieve
Don't you think you're just rearranging deck chairs on the Titanic?
Author: William Vickrey - Canadian EducatorYou , Just , Think , Chairs
It's insane to try to balance the budget.
Author: William Vickrey - Canadian EducatorTry , Balance , Budget , Insane
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.
Author: William Vickrey - Canadian EducatorHuman , Evil , Welfare , Unemployment
The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.
Author: William Vickrey - Canadian EducatorDepression , End , Drive , Budget
The nominal budget is a poor indicator of the impact of government outlays and revenues.
Author: William Vickrey - Canadian EducatorPoor , Government , Impact , Budget
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