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

    William Vickrey: Larger deficits are necessary and proper means to mitigate unemployment as the far greater evil in terms of human welfare.
    William Spencer Vickrey (2004). “Full Employment and Price Stability: The Macroeconomic Vision of William S. Vickrey”, Edward Elgar Pub