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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.

Joseph Stiglitz

Related Topics

Different Economy Fundamental Group Involvement Policy Politics

Bagwalas

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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Climate change is a reality.
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The U.S. won’t be free of Covid-19 until the world is.
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But while I loved all of these courses, there was an irresistible attraction of economics.
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We won’t have an economic recovery until Covid-19 is under control.
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The extra curricular activity in which I was most engaged – debating – helped shape my interests in public policy.
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Poverty is what we call the extremes at the bottom.
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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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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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The reason that the invisible hand often seems invisible is that it is often not there.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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It is trust, more than money, that makes the world go round.
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Loose money and light regulation were a toxic mixture. It exploded.
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The problem is a lot of what is called economics is not economics. It is more ideology or religion.
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