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William Vickrey Quotes: Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.
         

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


William Vickrey
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"William Vickrey Quotes." Quoteslyfe.com, 2024. Thu. 26 Dec. 2024. <https://www.quoteslyfe.com/quote/Balancing-a-nominal-budget-will-solve-nothing-1165254>.





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Other quotes of 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.

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.



The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.



Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.

Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.



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.

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.



Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.



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.

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.



Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.

Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.



The nominal budget is a poor indicator of the impact of government outlays and revenues.

The nominal budget is a poor indicator of the impact of government outlays and revenues.



Nearly all educational expenditure should be considered a capital outlay. Education provides a future return in the form of enhanced taxable income and an enhanced quality of life.

Nearly all educational expenditure should be considered a capital outlay. Education provides a future return in the form of enhanced taxable income and an enhanced quality of life.



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

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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What thumbsuckers we all are...when it comes to mothers.

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We women ought to put first things first. Why should we mind if men have their faces on the money as long as we get our hands on it?

We women ought to put first things first. Why should we mind if men have their faces on the money as long as we get our hands on it?



I think education is power. I think that being able to communicate with people is power. One of my main goals on the planet is to encourage people to empower themselves.

I think education is power. I think that being able to communicate with people is power. One of my main goals on the planet is to encourage people to empower themselves.



It is impossible to keep a straight face in the presence of one or more kittens.

It is impossible to keep a straight face in the presence of one or more kittens.



Disobedience to conscience makes conscience blind.

Disobedience to conscience makes conscience blind.



You know, if I tried to change the minds of everyone who I thought needed changing, I'd never have time to do anything else.

You know, if I tried to change the minds of everyone who I thought needed changing, I'd never have time to do anything else.



As you commit your life to follow the Lord, He begins to plant His desires in your heart, then guides you according to His plan

As you commit your life to follow the Lord, He begins to plant His desires in your heart, then guides you according to His plan



The weakest link in a chain is the strongest because it can break it.

The weakest link in a chain is the strongest because it can break it.



I don't know anyone on my mom's or dad's side that was a musician.

I don't know anyone on my mom's or dad's side that was a musician.



I never go out during the day without sunglasses.

I never go out during the day without sunglasses.




Quote Description


This page presents the quote "Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.". Author of this quote is William Vickrey. This quote is about achieve, mischief, attempting, balance, solve, produce,.