Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
More Quotes from William Vickrey:
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.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
Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.
William Vickrey
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 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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