Ten billion dollars less of deficit means 10 billion less of disposable income ... and a loss of at least 100,000 jobs. (William Vickrey)
There are some significant concerns, ... especially in the area of whether or not our system is listening carefully to what (litigants) have to say and their ability to participate. This includes how they are treated by the first person they meet to how they perceive what's happening in the courtroom, whether the system is concerned about how people are impacted by what it does and how it does it. (William Vickrey)
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level. (William Vickrey)
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. (William Vickrey)
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare. (William Vickrey)
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. (William Vickrey)
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. (William Vickrey)
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. (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. (William Vickrey)
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. (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. (William Vickrey)
This news reflects the great strides that state courts have made to reach out to the public in the past decade. (William Vickrey)
I define genuine full employment as a situation where there are at least as many job openings as there are persons seeking employment, probably calling for a rate of unemployment, as currently measured, of between 1 and 2 percent. (William Vickrey)
Don't you think you're just rearranging deck chairs on the Titanic? (William Vickrey)
Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief. (William Vickrey)