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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.

Joseph Stiglitz

Related Topics

Behavior Debt Government Market Private

Bagwalas

Popular Authors

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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
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Bankrupt Capital Essential Investment
Letting bygones be bygones is a basic principle in economics.
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Economy Principle
GDP tells you nothing about sustainability.
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Economy GDP Sustain
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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Ambition Change Climate Existence Nuclear Planet
The facts shouldn’t get in the way of a pleasant fantasy.
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Fact Fantasy Pleasant
The U.S. won’t be free of Covid-19 until the world is.
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Country Covid-19 World
American inequality didn’t just happen. It was created.
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Country Creation Happen Inequality
Society can’t function without shared prosperity.
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Function Prosperity Share Society
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 easy to get rich by getting a state asset at a deep discount.
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Asset Discount Rich Strategy
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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Development Economy Surprise
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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Bank Education Focus Infrastructure International Investment Poverty Private Project
Poverty is what we call the extremes at the bottom.
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Bottom Country Extreme Poverty
Multinational corporations must pay their fair share of taxes.
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Business Corporation Pay Tax
Amherst is a liberal arts college, committed to providing students with a broad education.
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