Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.
JOSEPH STIGLITZLoose money and light regulation were a toxic mixture. It exploded.
More Joseph Stiglitz Quotes
-
-
Economists often like startling theorems, results which seem to run counter to conventional wisdom.
JOSEPH STIGLITZ -
I grew up in a family in which political issues were often discussed, and debated intensely.
JOSEPH STIGLITZ -
International lending banks need to focus on areas where private investment doesn’t go, such as infrastructure projects, education and poverty relief.
JOSEPH STIGLITZ -
The reason that the invisible hand often seems invisible is that it is often not there.
JOSEPH STIGLITZ -
The problem is a lot of what is called economics is not economics. It is more ideology or religion.
JOSEPH STIGLITZ -
Society can’t function without shared prosperity.
JOSEPH STIGLITZ -
If the President asked you to help, I don’t think anybody could refuse, unless one felt that one couldn’t be effective.
JOSEPH STIGLITZ -
In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.
JOSEPH STIGLITZ -
What you measure affects what you do. If you don’t measure the right thing, you don’t do the right thing.
JOSEPH STIGLITZ -
Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
JOSEPH STIGLITZ -
When I said “the pocket of the banks,” it is not necessarily a mercenary relationship. It is a mindset.
JOSEPH STIGLITZ -
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 -
The only surprise about the economic crisis of 2008 was that it came as a surprise to so many.
JOSEPH STIGLITZ -
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.
JOSEPH STIGLITZ -
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
JOSEPH STIGLITZ