--- title: "12 Policy Quotes By Joseph Stiglitz" description: "12 Policy quotes by Joseph Stiglitz. Plus more from Joseph Stiglitz and more Policy sayings from other authors." image: "https://sms4smile.com/quotes/i/c24/joseph-stiglitz-1351_activity_the-extra-curricular-activity-in-which-i_3024197.jpg" --- > [The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.](https://sms4smile.com/quotes/joseph-stiglitz/the-extra-curricular-activity-in-which-i-was-most-engaged-debating/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/c24/joseph-stiglitz-1351_activity_the-extra-curricular-activity-in-which-i_3024197.jpg) > [Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.](https://sms4smile.com/quotes/joseph-stiglitz/macroeconomic-policy-can-never-be-devoid-of-politics-it-involves/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/472/joseph-stiglitz-1351_different_macroeconomic-policy-can-never-be-devoid_1688070.jpg) > [Tax policy should reflect a country's values and address its problems.](https://sms4smile.com/quotes/joseph-stiglitz/tax-policy-should-reflect-a-country-s-values-and-address-its-problems/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/ee5/joseph-stiglitz-1351_country_tax-policy-should-reflect-a-country-s-va_1047732.jpg) > [When you're facing the threat of recession, you need to have an expansionary monetary and fiscal policy. Pre-Keynesian, Hooverite views are dead…](https://sms4smile.com/quotes/joseph-stiglitz/when-you-re-facing-the-threat-of-recession-you-need-to-have-an/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/b0f/joseph-stiglitz-1351_fiscal-policy_when-you-re-facing-the-threat-of-recessi_2992058.jpg) > [Policies seemed almost deliberately designed to suppress new enterprise and job creation. How many Americans will start a business if the interest…](https://sms4smile.com/quotes/joseph-stiglitz/policies-seemed-almost-deliberately-designed-to-suppress-new/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/eaf/joseph-stiglitz-1351_business_policies-seemed-almost-deliberately-desi_2772519.jpg) > [One has to always ask the question: Where can one be most effective in helping shape policies? It is always difficult when…](https://sms4smile.com/quotes/joseph-stiglitz/one-has-to-always-ask-the-question-where-can-one-be-most-effective-in/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/09d/joseph-stiglitz-1351_asks_one-has-to-always-ask-the-question-where_1760455.jpg) > [It is a set of policies formulated between 15th and 19th streets by the U.S. Treasury, and World Bank. Countries should focus…](https://sms4smile.com/quotes/joseph-stiglitz/it-is-a-set-of-policies-formulated-between-15th-and-19th-streets-by/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/db1/joseph-stiglitz-1351_country_it-is-a-set-of-policies-formulated-betwe_1146486.jpg) > [ They \[free market policies\] were never based on solid empirical and theoretical foundations, and even as many of these policies were being… ](https://sms4smile.com/quotes/joseph-stiglitz/they-free-market-policies-were-never-based-on-solid-empirical-and/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/184/joseph-stiglitz-1351_academic_they-free-market-policies-were-never-bas_1158951.jpg) > [Now it is unambiguously clear that trickle-down economics does not work. But what does that mean? That means we have to structure…](https://sms4smile.com/quotes/joseph-stiglitz/now-it-is-unambiguously-clear-that-trickle-down-economics-does-not/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/552/joseph-stiglitz-1351_cutting_now-it-is-unambiguously-clear-that-trick_641445.jpg) > [When you think of policies that are going to address inequality of wealth, you have to be very thoughtful about what economists…](https://sms4smile.com/quotes/joseph-stiglitz/when-you-think-of-policies-that-are-going-to-address-inequality-of/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/907/joseph-stiglitz-1351_capitalist_when-you-think-of-policies-that-are-goin_2265620.jpg) > [Finance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central…](https://sms4smile.com/quotes/joseph-stiglitz/finance-ministers-and-central-bank-governors-have-the-seats-at-the/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/2e6/joseph-stiglitz-1351_central-bank_finance-ministers-and-central-bank-gover_1778700.jpg) > [There will come a moment when the most urgent threats posed by the credit crisis have eased and the larger task before…](https://sms4smile.com/quotes/joseph-stiglitz/there-will-come-a-moment-when-the-most-urgent-threats-posed-by-the/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) [Image](https://sms4smile.com/quotes/i/08a/joseph-stiglitz-1351_battle_there-will-come-a-moment-when-the-most-u_1899263.jpg) ## Other authors on Policy ## More by Joseph Stiglitz > [I grew up in a family in which political issues were often discussed, and debated intensely.](https://sms4smile.com/quotes/joseph-stiglitz/i-grew-up-in-a-family-in-which-political-issues-were-often-discussed/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs.](https://sms4smile.com/quotes/joseph-stiglitz/but-individuals-and-firms-spend-an-enormous-amount-of-resources/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [China, with its large emerging middle class, is among the big beneficiaries of globalization.](https://sms4smile.com/quotes/joseph-stiglitz/china-with-its-large-emerging-middle-class-is-among-the-big/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Trickle-down economics is a myth. Enriching corporations - as the TPP would - will not necessarily help those in the middle, let alone those…](https://sms4smile.com/quotes/joseph-stiglitz/trickle-down-economics-is-a-myth-enriching-corporations-as-the-tpp/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [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…](https://sms4smile.com/quotes/joseph-stiglitz/some-people-say-we-have-this-inequality-because-some-people-have-been/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [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…](https://sms4smile.com/quotes/joseph-stiglitz/it-s-actually-a-tribute-to-the-quality-of-economics-teaching-that/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [In an economy, when the government spends more and invests in the economy, that money circulates, and recirculates again and again. So not only…](https://sms4smile.com/quotes/joseph-stiglitz/in-an-economy-when-the-government-spends-more-and-invests-in-the/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [The laws of normal economics dictate that lower taxes combined with increased spending will lead to bigger deficits.](https://sms4smile.com/quotes/joseph-stiglitz/the-laws-of-normal-economics-dictate-that-lower-taxes-combined-with/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [A less healthy America is not going to be as productive.](https://sms4smile.com/quotes/joseph-stiglitz/a-less-healthy-america-is-not-going-to-be-as-productive/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [As I noted in my Nobel lecture, an early insight in my work on the economics of information concerned the problem of appropriability -…](https://sms4smile.com/quotes/joseph-stiglitz/as-i-noted-in-my-nobel-lecture-an-early-insight-in-my-work-on-the/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [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…](https://sms4smile.com/quotes/joseph-stiglitz/we-noted-the-psychological-problems-facing-many-of-the-returning-from/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [World War II was really unusual, because America was in the Great Depression before. So the war did help the US economy to get…](https://sms4smile.com/quotes/joseph-stiglitz/world-war-ii-was-really-unusual-because-america-was-in-the-great/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [Moreover, because we chose to finance the way by borrowing, our deficits and debt has soared, and this means we have less room for…](https://sms4smile.com/quotes/joseph-stiglitz/moreover-because-we-chose-to-finance-the-way-by-borrowing-our/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [I've always been sceptical about the notion that the market is a person you can engage in an argument with, and that that person…](https://sms4smile.com/quotes/joseph-stiglitz/i-ve-always-been-sceptical-about-the-notion-that-the-market-is-a/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [The striking thing about America is - it's historically, extraordinary unusual,I don't of any other instance - is that productivity of workers and wages…](https://sms4smile.com/quotes/joseph-stiglitz/the-striking-thing-about-america-is-it-s-historically-extraordinary/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "ItemList", "@id": "https://sms4smile.com/quotes/about/policy/joseph-stiglitz/#itemlist", "name": "12 Policy Quotes By Joseph Stiglitz", "numberOfItems": 12, "itemListElement": [ { "@type": "ListItem", "position": 1, "item": { "@type": "Quotation", "text": "The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/the-extra-curricular-activity-in-which-i-was-most-engaged-debating/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c24/joseph-stiglitz-1351_activity_the-extra-curricular-activity-in-which-i_3024197.jpg", "contentUrl": "https://sms4smile.com/quotes/i/c24/joseph-stiglitz-1351_activity_the-extra-curricular-activity-in-which-i_3024197.jpg", "url": "https://sms4smile.com/quotes/i/c24/joseph-stiglitz-1351_activity_the-extra-curricular-activity-in-which-i_3024197.jpg", "width": 1080, "height": 1080, "caption": "“The extra curricular activity in which I was most engaged - debating - helped shape my interests in public…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 2, "item": { "@type": "Quotation", "text": "Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects different groups differently.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/macroeconomic-policy-can-never-be-devoid-of-politics-it-involves/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/472/joseph-stiglitz-1351_different_macroeconomic-policy-can-never-be-devoid_1688070.jpg", "contentUrl": "https://sms4smile.com/quotes/i/472/joseph-stiglitz-1351_different_macroeconomic-policy-can-never-be-devoid_1688070.jpg", "url": "https://sms4smile.com/quotes/i/472/joseph-stiglitz-1351_different_macroeconomic-policy-can-never-be-devoid_1688070.jpg", "width": 1080, "height": 1080, "caption": "“Macroeconomic policy can never be devoid of politics: it involves fundamental trade-offs and affects…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 3, "item": { "@type": "Quotation", "text": "Tax policy should reflect a country's values and address its problems.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/tax-policy-should-reflect-a-country-s-values-and-address-its-problems/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/ee5/joseph-stiglitz-1351_country_tax-policy-should-reflect-a-country-s-va_1047732.jpg", "contentUrl": "https://sms4smile.com/quotes/i/ee5/joseph-stiglitz-1351_country_tax-policy-should-reflect-a-country-s-va_1047732.jpg", "url": "https://sms4smile.com/quotes/i/ee5/joseph-stiglitz-1351_country_tax-policy-should-reflect-a-country-s-va_1047732.jpg", "width": 1080, "height": 1080, "caption": "“Tax policy should reflect a country's values and address its problems.” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 4, "item": { "@type": "Quotation", "text": "When you're facing the threat of recession, you need to have an expansionary monetary and fiscal policy. Pre-Keynesian, Hooverite views are dead everywhere except on 19th Street in Washington.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/when-you-re-facing-the-threat-of-recession-you-need-to-have-an/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/b0f/joseph-stiglitz-1351_fiscal-policy_when-you-re-facing-the-threat-of-recessi_2992058.jpg", "contentUrl": "https://sms4smile.com/quotes/i/b0f/joseph-stiglitz-1351_fiscal-policy_when-you-re-facing-the-threat-of-recessi_2992058.jpg", "url": "https://sms4smile.com/quotes/i/b0f/joseph-stiglitz-1351_fiscal-policy_when-you-re-facing-the-threat-of-recessi_2992058.jpg", "width": 1080, "height": 1080, "caption": "“When you're facing the threat of recession, you need to have an expansionary monetary and fiscal policy…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 5, "item": { "@type": "Quotation", "text": "Policies seemed almost deliberately designed to suppress new enterprise and job creation. How many Americans will start a business if the interest rates are 150 percent?", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/policies-seemed-almost-deliberately-designed-to-suppress-new/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/eaf/joseph-stiglitz-1351_business_policies-seemed-almost-deliberately-desi_2772519.jpg", "contentUrl": "https://sms4smile.com/quotes/i/eaf/joseph-stiglitz-1351_business_policies-seemed-almost-deliberately-desi_2772519.jpg", "url": "https://sms4smile.com/quotes/i/eaf/joseph-stiglitz-1351_business_policies-seemed-almost-deliberately-desi_2772519.jpg", "width": 1080, "height": 1080, "caption": "“Policies seemed almost deliberately designed to suppress new enterprise and job creation. How many Americans…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 6, "item": { "@type": "Quotation", "text": "One has to always ask the question: Where can one be most effective in helping shape policies? It is always difficult when you're inside because you're very constrained.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/one-has-to-always-ask-the-question-where-can-one-be-most-effective-in/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/09d/joseph-stiglitz-1351_asks_one-has-to-always-ask-the-question-where_1760455.jpg", "contentUrl": "https://sms4smile.com/quotes/i/09d/joseph-stiglitz-1351_asks_one-has-to-always-ask-the-question-where_1760455.jpg", "url": "https://sms4smile.com/quotes/i/09d/joseph-stiglitz-1351_asks_one-has-to-always-ask-the-question-where_1760455.jpg", "width": 1080, "height": 1080, "caption": "“One has to always ask the question: Where can one be most effective in helping shape policies? It is always…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 7, "item": { "@type": "Quotation", "text": "It is a set of policies formulated between 15th and 19th streets by the U.S. Treasury, and World Bank. Countries should focus on stabilization, liberalization, privatization.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/it-is-a-set-of-policies-formulated-between-15th-and-19th-streets-by/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/db1/joseph-stiglitz-1351_country_it-is-a-set-of-policies-formulated-betwe_1146486.jpg", "contentUrl": "https://sms4smile.com/quotes/i/db1/joseph-stiglitz-1351_country_it-is-a-set-of-policies-formulated-betwe_1146486.jpg", "url": "https://sms4smile.com/quotes/i/db1/joseph-stiglitz-1351_country_it-is-a-set-of-policies-formulated-betwe_1146486.jpg", "width": 1080, "height": 1080, "caption": "“It is a set of policies formulated between 15th and 19th streets by the U.S. Treasury, and World Bank…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 8, "item": { "@type": "Quotation", "text": "They [free market policies] were never based on solid empirical and theoretical foundations, and even as many of these policies were being pushed, academic economists were explaining the limitations of markets for instance, whenever information is imperfect, which is to say always.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/they-free-market-policies-were-never-based-on-solid-empirical-and/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/184/joseph-stiglitz-1351_academic_they-free-market-policies-were-never-bas_1158951.jpg", "contentUrl": "https://sms4smile.com/quotes/i/184/joseph-stiglitz-1351_academic_they-free-market-policies-were-never-bas_1158951.jpg", "url": "https://sms4smile.com/quotes/i/184/joseph-stiglitz-1351_academic_they-free-market-policies-were-never-bas_1158951.jpg", "width": 1080, "height": 1080, "caption": "“They [free market policies] were never based on solid empirical and theoretical foundations, and even as…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 9, "item": { "@type": "Quotation", "text": "Now it is unambiguously clear that trickle-down economics does not work. But what does that mean? That means we have to structure our economic policies to make sure that we have shared prosperity. And you don't do that by giving a tax cut to the big winners and raising taxes on those who have not done very well. Your economic policy has to respond to the way our economic system has been working.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/now-it-is-unambiguously-clear-that-trickle-down-economics-does-not/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/552/joseph-stiglitz-1351_cutting_now-it-is-unambiguously-clear-that-trick_641445.jpg", "contentUrl": "https://sms4smile.com/quotes/i/552/joseph-stiglitz-1351_cutting_now-it-is-unambiguously-clear-that-trick_641445.jpg", "url": "https://sms4smile.com/quotes/i/552/joseph-stiglitz-1351_cutting_now-it-is-unambiguously-clear-that-trick_641445.jpg", "width": 1080, "height": 1080, "caption": "“Now it is unambiguously clear that trickle-down economics does not work. But what does that mean? That means…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 10, "item": { "@type": "Quotation", "text": "When you think of policies that are going to address inequality of wealth, you have to be very thoughtful about what economists call \"incidence of taxes.\" If most of the savings is being done by capitalists, and you tax the return on capital, then they will have less to invest. That would mean, over the long run, that the rate of interest would go up. That would therefore undo some of the intent to lower the income of capitalists.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/when-you-think-of-policies-that-are-going-to-address-inequality-of/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/907/joseph-stiglitz-1351_capitalist_when-you-think-of-policies-that-are-goin_2265620.jpg", "contentUrl": "https://sms4smile.com/quotes/i/907/joseph-stiglitz-1351_capitalist_when-you-think-of-policies-that-are-goin_2265620.jpg", "url": "https://sms4smile.com/quotes/i/907/joseph-stiglitz-1351_capitalist_when-you-think-of-policies-that-are-goin_2265620.jpg", "width": 1080, "height": 1080, "caption": "“When you think of policies that are going to address inequality of wealth, you have to be very thoughtful…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 11, "item": { "@type": "Quotation", "text": "Finance ministers and central bank governors have the seats at the table, not labor unions or labor ministers. Finance ministers and central bank governors are linked to financial communities in their countries, so they push policies that reflect the viewpoints and interests of the financial community and barely hear the voices of those who are the first victims of dictated policies.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/finance-ministers-and-central-bank-governors-have-the-seats-at-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/2e6/joseph-stiglitz-1351_central-bank_finance-ministers-and-central-bank-gover_1778700.jpg", "contentUrl": "https://sms4smile.com/quotes/i/2e6/joseph-stiglitz-1351_central-bank_finance-ministers-and-central-bank-gover_1778700.jpg", "url": "https://sms4smile.com/quotes/i/2e6/joseph-stiglitz-1351_central-bank_finance-ministers-and-central-bank-gover_1778700.jpg", "width": 1080, "height": 1080, "caption": "“Finance ministers and central bank governors have the seats at the table, not labor unions or labor…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } }, { "@type": "ListItem", "position": 12, "item": { "@type": "Quotation", "text": "There will come a moment when the most urgent threats posed by the credit crisis have eased and the larger task before us will be to chart a direction for the economic steps ahead. This will be a dangerous moment. Behind the debates over future policy is a debate over history-a debate over the causes of our current situation. The battle for the past will determine the battle for the present. So it's crucial to get the history straight.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/there-will-come-a-moment-when-the-most-urgent-threats-posed-by-the/", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/08a/joseph-stiglitz-1351_battle_there-will-come-a-moment-when-the-most-u_1899263.jpg", "contentUrl": "https://sms4smile.com/quotes/i/08a/joseph-stiglitz-1351_battle_there-will-come-a-moment-when-the-most-u_1899263.jpg", "url": "https://sms4smile.com/quotes/i/08a/joseph-stiglitz-1351_battle_there-will-come-a-moment-when-the-most-u_1899263.jpg", "width": 1080, "height": 1080, "caption": "“There will come a moment when the most urgent threats posed by the credit crisis have eased and the larger…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } } } ] }, { "@type": "CollectionPage", "@id": "https://sms4smile.com/quotes/about/policy/joseph-stiglitz/#webpage", "url": "https://sms4smile.com/quotes/about/policy/joseph-stiglitz/", "name": "Policy Quotes by Joseph Stiglitz", "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "mainEntity": { "@id": "https://sms4smile.com/quotes/about/policy/joseph-stiglitz/#itemlist" }, "primaryImageOfPage": { "@id": "https://sms4smile.com/quotes/i/c24/joseph-stiglitz-1351_activity_the-extra-curricular-activity-in-which-i_3024197.jpg" }, "description": "12 Policy quotes by Joseph Stiglitz. 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