Explore more quotes by 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."

Job, Unemployment

"Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain."

Gain, Loss, Sales

"Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare."

Evil, Unemployment, Welfare

"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."

Policy, Effect, Interest, Pressure

"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."

Government, Justification

"Nearly all educational expenditure should be considered a capital outlay, whether it provides a future return in the form of enhanced taxable income or in terms of an enhanced quality of life."

Life, Quality, Future, Income

"The nominal budget is a poor indicator of the impact of government outlays and revenues."

Government, Poor

"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."

Government, Ability, Debt, Desire

"Practically, the desirable situation ought to be one in which any reasonably responsible person willing to accept available employment can find a job paying a living wage within 48 hours."

Job, Living, Wage

"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."

Reason, State, Years

Exlpore more Economy quotes

"And so our goal on health care is, if we can get, instead of health care costs going up 6 percent a year, it's going up at the level of inflation, maybe just slightly above inflation, we've made huge progress. And by the way, that is the single most important thing we could do in terms of reducing our deficit. That's why we did it."

Barack Obama, American President

Economy, Health, Progress, Goal, Care

"My task over the last two years hasn't just been to stop the bleeding. My task has also been to try to figure out how do we address some of the structural problems in the economy that have prevented more Googles from being created."

Barack Obama, American President

Economy, Being, Problems, Years

"Now, anybody who thinks that we can move this economy forward with just a few folks at the top doing well, hoping that it's going to trickle down to working people who are running faster and faster just to keep up, you'll never see it."

Barack Obama, American President

Economy, People, Now, Running

"No nation was ever ruined by trade."

Benjamin Franklin, American Politician

Economy, Nation, Trade

"I think back a little bit when President Bush was elected President and what kind of economy he inherited from the Clinton administration. The economy was going down. It was not doing well."

Wayne Allard, American Politician

Economy, President

"My research, even before 1972, moved in directions beyond those cited for the Nobel Memorial Prize. Most of it, in one way or another, deals with information as an economic variable, both as to its production and as to its use."

Kenneth Joseph Arrow, American Economist

Economy, Deals, Information, Production, Research

"Everyone drinks more during a recession; they want to forget."

Christian Audigier, French Designer

Economy, Drinks, Forget, Want

"The Northwest is in better shape than it was eight years ago."

Bruce Babbitt, American Politician

Economy, Years

"We've set aside tens of millions of acres of those northwestern forests for perpetuity. The unemployment rate has gone not up, but down. The economy has gone up."

Bruce Babbitt, American Politician

Economy, Unemployment

"Energy consumption matters both to our environment and our economy."

John Baldacci, American Politician

Economy, Energy, Environment