It's insane to try to balance the budget.
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
The achievement of a reasonably full degree of employment without accelerating inflation will require development of some additional tool.
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
Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.
William Vickrey
The supply-side effect of a restrictive monetary policy is likely to be perverse, in that high interest rates enter into costs and thus exert inflationary pressure.
William Vickrey
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There is no private life which has not been determined by a wider public life.
George Eliot
The Arab representatives and their followers were not interested in the persecuted millions throughout the world; they were fixed on a political agenda that distracted the world from their own serious shortcomings in the human-rights department.
Jack Schwartz