Bitcoin is successful only because of its potential for circumvention, lack of oversight.
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 U.S. won’t be free of Covid-19 until the world is.
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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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Poverty is what we call the extremes at the bottom.
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Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
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Climate change is a reality.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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The facts shouldn’t get in the way of a pleasant fantasy.
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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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It’s expensive to keep 2.3 million people in prison.
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Loose money and light regulation were a toxic mixture. It exploded.
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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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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
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Climate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
JOSEPH STIGLITZ