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William Vickrey Quotes: 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.


William Vickrey
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Other quotes of William Vickrey


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.



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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Art should comfort the disturbed and disturb the comfortable.

Art should comfort the disturbed and disturb the comfortable.



If you want to save your child from polio, you can pray or you can inoculate. ... Choose science.

If you want to save your child from polio, you can pray or you can inoculate. ... Choose science.




People die from hitting the wall, they hit it again and again......one moment it ends all and they die!

People die from hitting the wall, they hit it again and again......one moment it ends all and they die!



I just don't see myself as the heroine in my own narrative.

I just don't see myself as the heroine in my own narrative.



I was a huge fantasy geek growing up. I was the dungeon master in my D&D game.

I was a huge fantasy geek growing up. I was the dungeon master in my D&D game.



What could it be like to find out, in a matter of minutes, that the person you believed the sun rose and set on was not the person you'd thought?

What could it be like to find out, in a matter of minutes, that the person you believed the sun rose and set on was not the person you'd thought?



My iPod that was programmed by Peter Buck. It has 7,000 songs hand-picked for me by him.

My iPod that was programmed by Peter Buck. It has 7,000 songs hand-picked for me by him.



Promptly report your action to the one who requested it.

Promptly report your action to the one who requested it.



I wonder if this is how is is with all evil men, that to someone, they look just like good men, talk like good men, are just as likable as good men.

I wonder if this is how is is with all evil men, that to someone, they look just like good men, talk like good men, are just as likable as good men.




Quote Description


This page presents the quote "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 of this quote is William Vickrey. This quote is about justification, government, rallying point, real, balanced,.