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.
More Quotes from William Vickrey:
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.William Vickrey
It's insane to try to balance the budget.
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
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
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
Firms would be given initial entitlements to gross markup on the basis of past performance. These entitlements would be transferable and a market in them would be developed.
William Vickrey
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