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The reason that the invisible hand often seems invisible is that it is often not there.

Joseph Stiglitz

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Invisible Reason

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Letting bygones be bygones is a basic principle in economics.
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Inequality is a choice. It is not inevitable.
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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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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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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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When markets fail, as they often do, collective action becomes imperative.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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The U.S. won’t be free of Covid-19 until the world is.
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Development is about transforming the lives of people, not just transforming economies.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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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.
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The reason that the invisible hand often seems invisible is that it is often not there.
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Invisible Reason

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