Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZBitcoin is successful only because of its potential for circumvention, lack of oversight.
More Joseph Stiglitz Quotes
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The reason that the invisible hand often seems invisible is that it is often not there.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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The facts shouldn’t get in the way of a pleasant fantasy.
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GDP tells you nothing about sustainability.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Loose money and light regulation were a toxic mixture. It exploded.
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The U.S. won’t be free of Covid-19 until the world is.
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When markets fail, as they often do, collective action becomes imperative.
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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
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When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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Ask not what your country can do for you, ask what you can do for your country.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ