Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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 facts shouldn’t get in the way of a pleasant fantasy.
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Workers’ rights should be a central focus of development.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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It’s expensive to keep 2.3 million people in prison.
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Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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If the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
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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.
JOSEPH STIGLITZ -
The U.S. won’t be free of Covid-19 until the world is.
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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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It’s easy to get rich by getting a state asset at a deep discount.
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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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Inequality is a choice. It is not inevitable.
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The reason that the invisible hand often seems invisible is that it is often not there.
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When markets fail, as they often do, collective action becomes imperative.
JOSEPH STIGLITZ