“The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.” EndsEconomyHolyDepressionPursuitInsaneBudgetsBalancedHoly GrailBalanced Budget Author:William Vickrey
“Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.” DoeLevelsProduceBudgetsStableBalancedInflationDeficitBalanced Budget Book:Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey Source: Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey
“There is no real justification for a requirement that a budget of any sort should be balanced, except as a rallying point for those who seek to hamstring government.” ShouldRealGovernmentBudgetsBalancedJustificationRequirementsRallyingHamstringsRallying Point Book:Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey Source: Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey
