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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

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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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But while I loved all of these courses, there was an irresistible attraction of economics.
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When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
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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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Multinational corporations must pay their fair share of taxes.
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The U.S. basically wrote the rules and created the institutions of globalisation.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZ

Behavior Debt Government Market Private
When markets fail, as they often do, collective action becomes imperative.
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GDP tells you nothing about sustainability.
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It’s easy to get rich by getting a state asset at a deep discount.
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Workers’ rights should be a central focus of development.
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Letting bygones be bygones is a basic principle in economics.
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