Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZIt’s easy to get rich by getting a state asset at a deep discount.
More Joseph Stiglitz Quotes
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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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The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
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Poverty is what we call the extremes at the bottom.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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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 U.S. basically wrote the rules and created the institutions of globalisation.
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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.
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It is trust, more than money, that makes the world go round.
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The U.S. won’t be free of Covid-19 until the world is.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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When markets fail, as they often do, collective action becomes imperative.
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American inequality didn’t just happen. It was created.
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Multinational corporations must pay their fair share of taxes.
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Inequality is a choice. It is not inevitable.
JOSEPH STIGLITZ






