William Vickrey

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

“Balancing a nominal budget will solve nothing, and attempting to achieve such a spurious balance will produce much mischief.”

“The nominal budget is a poor indicator of the impact of government outlays and revenues.”

“Don't you think you're just rearranging deck chairs on the Titanic?”

“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 lif...”