William Vickrey Quotes About Inflation

• Deficits do not in themselves produce inflation, nor does a balanced budget assure a stable price level.

  William Vickrey

  Doe, Levels, Produce

  William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub

• 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

  Years, Would Be, Unemployment

  William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub

• Currently a level of unemployment of 7% or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.

  William Vickrey

  Unemployment, Levels, Situation

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