There is no real justification for a requirement that a budget of any sort should be balanced — William Vickrey
The nominal budget is a poor indicator of the impact of government outlays and revenues. — 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. — William Vickrey
Practically, the desirable situation ought to be one in which any reasonably responsible person — 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
Firms would be given initial entitlements to gross markup on the basis of past performance. — William Vickrey
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level. — William Vickrey
Currently a level of unemployment of 7 percent or more seems to be required to keep inflation — William Vickrey
Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief. — William Vickrey