Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
JOSEPH STIGLITZIt is trust, more than money, that makes the world go round.
More Joseph Stiglitz Quotes
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Society can’t function without shared prosperity.
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Development is about transforming the lives of people, not just transforming economies.
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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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The facts shouldn’t get in the way of a pleasant fantasy.
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When you don’t have equality of opportunity because you don’t have equal access to education, it just seems so outrageous. It weakens our economy and leads to more inequality.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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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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GDP tells you nothing about sustainability.
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Poverty is what we call the extremes at the bottom.
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Letting bygones be bygones is a basic principle in economics.
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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 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.
JOSEPH STIGLITZ