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William Vickrey Quotes: 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.


William Vickrey
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"William Vickrey Quotes." Quoteslyfe.com, 2024. Sun. 22 Dec. 2024. <https://www.quoteslyfe.com/quote/Deficits-do-not-in-themselves-produce-inflation-1165246>.





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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.



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.



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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Why shall we talk? To spread positive ambiance in the house, and to stimulate the hearty feelings, and to achieve a perceptible psychological connection between family members.

Why shall we talk? To spread positive ambiance in the house, and to stimulate the hearty feelings, and to achieve a perceptible psychological connection between family members.



We are now left to choose between danger and regret, neither of which can restore the lives we have lost.

We are now left to choose between danger and regret, neither of which can restore the lives we have lost.



Even so, I must admire your skill. You are so gracefully insane.

Even so, I must admire your skill. You are so gracefully insane.



Let them police themselves, and then it goes another step past them to my coaches and there a coach that is responsible for a different area and different category on the field.

Let them police themselves, and then it goes another step past them to my coaches and there a coach that is responsible for a different area and different category on the field.



If we desire our faith to be strengthened, we should not shrink from opportunities where our faith may be tried, and therefore, through trial, be strengthened.

If we desire our faith to be strengthened, we should not shrink from opportunities where our faith may be tried, and therefore, through trial, be strengthened.



Success--something your friends will never forgive you.

Success--something your friends will never forgive you.



Housework comes first, so girls often fall behind in school. Global statistics show that it's increasingly girls, not boys, who don't know how to read.

Housework comes first, so girls often fall behind in school. Global statistics show that it's increasingly girls, not boys, who don't know how to read.



I got my first car when I was 16 but I didn't have a license; it was a Ford Escape and I just let it sit there for two years because I enjoyed having my mom drive me.

I got my first car when I was 16 but I didn't have a license; it was a Ford Escape and I just let it sit there for two years because I enjoyed having my mom drive me.



Peeta bakes. I hunt. Haymitch drinks until the liquor runs out.

Peeta bakes. I hunt. Haymitch drinks until the liquor runs out.




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This page presents the quote "Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.". Author of this quote is William Vickrey. This quote is about stable, inflation, balanced, levels, produce, doe,.