Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZMacroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
More Joseph Stiglitz Quotes
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It’s expensive to keep 2.3 million people in prison.
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Multinational corporations must pay their fair share of taxes.
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American inequality didn’t just happen. It was created.
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It’s easy to get rich by getting a state asset at a deep discount.
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We won’t have an economic recovery until Covid-19 is under control.
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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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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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GDP tells you nothing about sustainability.
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Development is about transforming the lives of people, not just transforming economies.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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Climate change is a reality.
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International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
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The more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
JOSEPH STIGLITZ