The nominal budget is a poor indicator of the impact of government outlays and revenues.
More Quotes from William Vickrey:
The bottom line for me out of this is that from 1992 to today, researchers can't find a defining reason why the public view of the courts has improved. The only thing that has changed is the way we do business. The good news is we can make a difference.William Vickrey
It's insane to try to balance the budget.
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
This paper was one of my digressions into abstract economics.
William Vickrey
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.
William Vickrey
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Based on Topics: Budgeting Quotes, Government QuotesBased on Keywords: indicator, nominal, outlays
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