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
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
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 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
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
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
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
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
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
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
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
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
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
