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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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When markets fail, as they often do, collective action becomes imperative.
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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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Multinational corporations must pay their fair share of taxes.
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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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The U.S. basically wrote the rules and created the institutions of globalisation.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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It’s easy to get rich by getting a state asset at a deep discount.
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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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Amherst is a liberal arts college, committed to providing students with a broad education.
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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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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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