William Vickrey Quotes

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

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.

It (land value taxation) guarantees that no one dispossess fellow citizens by obtaining a disproportionate share of what nature provides for humanity.

Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.

This paper was one of my digressions into abstract economics.

Don't you think you're just rearranging deck chairs on the Titanic?

It's insane to try to balance the budget.

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

Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

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