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William Vickrey Quotes: 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.


William Vickrey
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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.



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.



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.



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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We turned an anthem into an assignment, a poem into a job description.

We turned an anthem into an assignment, a poem into a job description.



I thought she would be fun to have fun with.

I thought she would be fun to have fun with.



I basically have the diet of a 19th-century Irish navy, apart from the litre of stout a day. It's meat and potatoes and bread and cheese: those are my four food groups.

I basically have the diet of a 19th-century Irish navy, apart from the litre of stout a day. It's meat and potatoes and bread and cheese: those are my four food groups.



I couldnt really relate to the fraternity or party scene, to the people out in the mall every day protesting one thing or another. I felt like there was no one I could relate to.

I couldnt really relate to the fraternity or party scene, to the people out in the mall every day protesting one thing or another. I felt like there was no one I could relate to.



The most important thing in anyone's life is to be giving something. The quality I can give is fun, joy and happiness. This is my gift.

The most important thing in anyone's life is to be giving something. The quality I can give is fun, joy and happiness. This is my gift.



A century ago, petroleum - what we call oil - was just an obscure commodity; today it is almost as vital to human existence as water.

A century ago, petroleum - what we call oil - was just an obscure commodity; today it is almost as vital to human existence as water.



During the war, in which several of our embedded correspondents were able to report from moving vehicles crossing the Iraqi desert, the use of technology made news gathering safer.

During the war, in which several of our embedded correspondents were able to report from moving vehicles crossing the Iraqi desert, the use of technology made news gathering safer.



You've always been a tourist here. You just didn't know it.

You've always been a tourist here. You just didn't know it.



I watch life trickle from the bullet wound of a sixteen-year-old "example" and marvel how things weak, even words, will turn vicious and merciless to gain power,despite reason or history

I watch life trickle from the bullet wound of a sixteen-year-old "example" and marvel how things weak, even words, will turn vicious and merciless to gain power,despite reason or history



I think it is absolutely essential in a democracy to have competition in the media, a lot of competition, and we seem to be moving away from that.

I think it is absolutely essential in a democracy to have competition in the media, a lot of competition, and we seem to be moving away from that.




Quote Description


This page presents the quote "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.". Author of this quote is William Vickrey. This quote is about seems, inflation, permanent, levels, situation, unemployment,.