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


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

William Vickrey Quotes

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

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

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

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