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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.

Joseph Stiglitz

Related Topics

Development Economy Surprise

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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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Behavior Debt Government Market Private
The U.S. won’t be free of Covid-19 until the world is.
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Country Covid-19 World
GDP tells you nothing about sustainability.
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Economy GDP Sustain
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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American inequality didn’t just happen. It was created.
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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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Bank Mindset Pocket
The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
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Money Need Society Spend Wealth
It’s expensive to keep 2.3 million people in prison.
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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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Country Development Infrastructure Serious Trade
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Conventional Counter Economy Result Wisdom
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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The U.S. basically wrote the rules and created the institutions of globalisation.
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Country Creation Global Institution Rule
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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Climate change is a reality.
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Change Climate One Liner Reality

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