There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment.

There is no reason inherent in the real resources available to us why we cannot move rapidly within the next two or three years to a state of genuine full employment.

Increasingly prices are set by sellers to raise their prices without a loss of sales sufficient to wipe out the gain.

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

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

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

The insane pursuit of the holy grail of a balanced budget in the end is going to drive the economy into a depression.