Phrase by 'William Vickrey'

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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.

Author: William Vickrey - Canadian Educator
  More , Situation , Permanent , Unemployment


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.

Author: William Vickrey - Canadian Educator
  Past , Them , Performance , Market


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.

Author: William Vickrey - Canadian Educator
  Say , Good , Down , Unemployment


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.

Author: William Vickrey - Canadian Educator
  High , Pressure , Interest , Policy


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.

Author: William Vickrey - Canadian Educator
  Real , Point , Government , Budget


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.

Author: William Vickrey - Canadian Educator
  Three , Us , Real , Genuine


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.

Author: William Vickrey - Canadian Educator
  Life , Future , Quality , Return


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.

Author: William Vickrey - Canadian Educator
  Person , Job , Accept , Situation


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.

Author: William Vickrey - Canadian Educator
  Great , Desire , Government , Retirement


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