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