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The U.S. won’t be free of Covid-19 until the world is.

Joseph Stiglitz

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Country Covid-19 World

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When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
JOSEPH STIGLITZ

Bank Mindset Pocket
Amherst is a liberal arts college, committed to providing students with a broad education.
JOSEPH STIGLITZ

Broad College Education Student
GDP tells you nothing about sustainability.
JOSEPH STIGLITZ

Economy GDP Sustain
The U.S. basically wrote the rules and created the institutions of globalisation.
JOSEPH STIGLITZ

Country Creation Global Institution Rule
We won’t have an economic recovery until Covid-19 is under control.
JOSEPH STIGLITZ

Control Covid-19 Economy Recover
Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZ

Behavior Debt Government Market Private
American inequality didn’t just happen. It was created.
JOSEPH STIGLITZ

Country Creation Happen Inequality
Letting bygones be bygones is a basic principle in economics.
JOSEPH STIGLITZ

Economy Principle
Climate change is a reality.
JOSEPH STIGLITZ

Change Climate One Liner Reality
Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
JOSEPH STIGLITZ

Different Economy Fundamental Group Involvement Policy Politics
International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
JOSEPH STIGLITZ

Bank Education Focus Infrastructure International Investment Poverty Private Project
Multinational corporations must pay their fair share of taxes.
JOSEPH STIGLITZ

Business Corporation Pay Tax
It’s easy to get rich by getting a state asset at a deep discount.
JOSEPH STIGLITZ

Asset Discount Rich Strategy
In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZ

Country Development Infrastructure Serious Trade
When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZ

Bitcoin Crypto Currency Failure Market Share Market
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
JOSEPH STIGLITZ

Development Economy Surprise

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