Moreover, because we chose to finance the way by borrowing, our deficits and debt has soared, and this means we have less… — Joseph Stiglitz Copy Share Image
The financial sector has so distorted salaries that physicists are getting drawn into the financial sector. All that has led to an… — Joseph Stiglitz Copy Share Image
The important lesson of the deficit is - and the national debt - is we have to be careful about how we're… — Joseph Stiglitz Copy Share Image
In an economy, when the government spends more and invests in the economy, that money circulates, and recirculates again and again. So… — Joseph Stiglitz Copy Share Image
As a rich country, we can, in some sense, "afford" the war. But spending money on the war means that we are… — Joseph Stiglitz Copy Share Image
Put yourself in the shoes of one of these oligarchs who has been given a gift of $10 billion. Russia is in… — Joseph Stiglitz Copy Share Image
I think what they've been doing is largely almost in firefighting mode without a good conceptual framework - either at the micro… — Joseph Stiglitz Copy Share Image
Finance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central… — Joseph Stiglitz Copy Share Image
The top 1 percent have the best houses, the best educations, the best doctors, and the best lifestyles, but there is one… — Joseph Stiglitz Copy Share Image
People at the top spend less money than those at the bottom so when you have redistribution toward the top, aggregate demand… — Joseph Stiglitz Copy Share Image
China's accumulation of reserves is a result of the IMF's mismanagement of the Asian financial crisis a decade or so ago. If… — Joseph Stiglitz Copy Share Image
It is unlikely that others would even demand their money back overnight, for doing so would lead to the value of the… — Joseph Stiglitz Copy Share Image
The issue is: $1 trillion or $2 trillion is a lot of money. If our objective is to have stability in the… — Joseph Stiglitz Copy Share Image
Negative effects on the economy were covered up with a flood of liquidity from the Fed. That,plus lax regulation, led to a… — Joseph Stiglitz Copy Share Image
The military is focusing only on the short run costs. If they don't provide appropriate body armor, they save some money today,… — Joseph Stiglitz Copy Share Image
People at the top spend less money than those at the bottom, so when you have redistribution toward the top, aggregate demand… — Joseph Stiglitz Copy Share Image
The recovery of the banks is what happens when you reduce competition, lend money to them at zero interest rates, allow them… — Joseph Stiglitz Copy Share Image
I grew up in a family in which political issues were often discussed, and debated intensely. — Joseph Stiglitz Copy Share Image
But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs. — Joseph Stiglitz Copy Share Image
China, with its large emerging middle class, is among the big beneficiaries of globalization. — Joseph Stiglitz Copy Share Image
Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those… — Joseph Stiglitz Copy Share Image
Some people say we have this inequality because some people have been contributing much more to our society, and so it's fair that they… — Joseph Stiglitz Copy Share Image
It's actually a tribute to the quality of economics teaching that they have persuaded so many generations of students to believe in so much… — Joseph Stiglitz Copy Share Image
In an economy, when the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only… — Joseph Stiglitz Copy Share Image
The laws of normal economics dictate that lower taxes combined with increased spending will lead to bigger deficits. — Joseph Stiglitz Copy Share Image
As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability -… — Joseph Stiglitz Copy Share Image
We noted the psychological problems facing many of the returning from Iraq veterans - of the 700,000 returning veterans, more than a 100,000 have… — Joseph Stiglitz Copy Share Image
World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get… — Joseph Stiglitz Copy Share Image
![“World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get securely out of this decline. This time, the war [in Iraq] is bad for the economy in both the short and long run. We could have spent trillions in research or education…” quote by Joseph Stiglitz](https://sms4smile.com/quotes/img-quotes/860/joseph-stiglitz-1351_america_world-war-ii-was-really-unusual-because_156000.jpg)