A Quote by William Vickrey
Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.
Related Quotes
Bilateral trade deficits are not evil; historically, better growth in the U.S. economy has led to larger trade deficits.
Anything that's done to address unemployment in terms of massive stimulus spending is going to exacerbate deficits. And anything that's done to address deficits in the short-term is going to exacerbate unemployment.
Because tax cuts create an incentive to increase output, employment, and production, they also help balance the budget by reducing means-tested government expenditures. A faster-growing economy means lower unemployment and higher incomes, resulting in reduced unemployment benefits and other social welfare programs.
So far as we are human, what we do must be either evil or good: so far as we do evil or good, we are human: and it is better, in a paradoxical way, to do evil than to do nothing: at least we exist.
It is said that government is a necessary evil, but it is far more evil than it is necessary.
High mandated minimum wages will throw people out of work and onto the welfare rolls in cases where unemployment benefits exist. When it comes to welfare payments, they obey the laws of economics, too. Indeed, if something - like unemployment - is subsidized, more of it will be produced.
[On 9/11:] ... those towers represented human triumph over nature. Larger than life, built to be unburnable, they were the Titanic of our day. For them to burn and fall so quickly means that the whole superstructure we depend upon to mitigate nature and assure our comfort and safety could fall.
Almost every key indicator of the current economy - unemployment, deficits, housing, energy - argues that Obama's reactionary all-powerful statist approach has only made things far worse.
Religion is a by-product of fear. For much of human history it may have been a necessary evil, but why was it more evil than necessary? Isn’t killing people in the name of god a pretty good definition of insanity?
When one has once accepted and absorbed Evil, it no longer demands the unfitness of the means. The ulterior motives with which youabsorb and assimilate Evil are not your own but those of Evil.... Evil is whatever distracts. Evil knows of the Good, but Good does not know of Evil. Knowledge of oneself is something only Evil has. One means that Evil has is the dialogue.... One cannot pay Evil in installments--and one always keeps on trying to.
Most "necessary evils" are far more evil than necessary.
We are in a bit of a policy box and it's going to require us being willing to give up one of the two, which is it's okay to take on more deficits but lets put in some massive spending. Alternatively to say, 'we're going to go through structural unemployment for a while because we want to address deficits.'
When human laws contradict or discountenance the means, which are necessary to preserve the essential rights of any society, they defeat the proper end of all laws, and so become null and void.
I stated that I'm a libertarian Republican, which means I believe in a series of issues, such as smaller government, constraint on budget deficits, free markets, globalization, and a whole series of other things, including welfare reform.
In the twentieth century, men -- all of us -- find themselves compelled to commit or condone evil for the sake of preventing an evil believed to be greater. And the tragedy is that we do not know whether the evil we condone will not in the end be greater than the evil we seek to avert-- or be identified with.
The idea of a company that's earning money, not losing money, that's not, let's say 'industrially endangered,' to have just cutbacks so they can earn another $12 million or $20 million or $40 million in a year where no one's counting is really a horrible act when you think about it on every level. First of all, it's certainly not necessary. It's doing it at the worst time. It's throwing people out to a larger, what is inevitably a larger unemployment heap for frankly no good reason.
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