Loose money and light regulation were a toxic mixture. It exploded.
JOSEPH STIGLITZLoose money and light regulation were a toxic mixture. It exploded.
JOSEPH STIGLITZThe facts shouldn’t get in the way of a pleasant fantasy.
JOSEPH STIGLITZWe won’t have an economic recovery until Covid-19 is under control.
JOSEPH STIGLITZNationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZLetting bygones be bygones is a basic principle in economics.
JOSEPH STIGLITZThe more divided a society becomes in terms of wealth, the more reluctant the wealthy are to spend money on common needs.
JOSEPH STIGLITZIf the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
JOSEPH STIGLITZAmerican inequality didn’t just happen. It was created.
JOSEPH STIGLITZInequality is a choice. It is not inevitable.
JOSEPH STIGLITZAnybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZMacroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
JOSEPH STIGLITZThe U.S. basically wrote the rules and created the institutions of globalisation.
JOSEPH STIGLITZThe U.S. won’t be free of Covid-19 until the world is.
JOSEPH STIGLITZClimate change poses an existential threat to the planet that is no less dire than that posed by North Korea’s nuclear ambitions.
JOSEPH STIGLITZWorkers’ rights should be a central focus of development.
JOSEPH STIGLITZInternational lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
JOSEPH STIGLITZ