“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.Quote by William VickreyTopics: Quotes about William VickreyShare on:FacebookPinterestWhatsApp
Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance...#William Vickrey
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil...#William Vickrey
Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable...#William Vickrey
Increasingly prices are set by sellers to raise their prices without a loss of sales...#William Vickrey
Practically, the desirable situation ought to be one in which any reasonably responsible person willing...#William Vickrey
