“Currently a level of unemployment of 7 percent or more seems to be required to keep inflation from accelerating, a level quite unacceptable as a permanent situation.”

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Originally said in English.

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About William Vickrey

William Vickrey is quoted here; further biographical details are not publicly available.

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"Currently a level of unemployment of 7 percent or more seems to be re…" — William Vickrey | Daily Quotes