If unemployment could be brought down to say 2 percent at the cost of an assured steady rate of inflation of 10 percent per year, or even 20 percent, this would be a good bargain. William Vickrey More Quotes by William Vickrey More Quotes From William Vickrey Don't you think you're just rearranging deck chairs on the Titanic? William Vickrey titanic just think you It's insane to try to balance the budget. William Vickrey budget try balance insane Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation. William Vickrey more unemployment situation permanent 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 market them performance past 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. William Vickrey high policy interest pressure 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 quality-of-life future quality life
