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 Read Quote
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. William Vickrey Read Quote
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. William Vickrey Read Quote
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. William Vickrey Read Quote
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 Read Quote
The nominal budget is a poor indicator of the impact of government outlays and revenues. William Vickrey Read Quote
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 Read Quote
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare. William Vickrey Read Quote
