The facts shouldn’t get in the way of a pleasant fantasy.
JOSEPH STIGLITZNationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
More Joseph Stiglitz Quotes
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The reason that the invisible hand often seems invisible is that it is often not there.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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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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It’s easy to get rich by getting a state asset at a deep discount.
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American inequality didn’t just happen. It was created.
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When markets fail, as they often do, collective action becomes imperative.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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Letting bygones be bygones is a basic principle in economics.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Inequality is a choice. It is not inevitable.
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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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Loose money and light regulation were a toxic mixture. It exploded.
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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.
JOSEPH STIGLITZ