--- title: "Meaning & Key Takeaway of: Most people think the Iraq war has…" description: "\"Most people think the Iraq war has increased the probability of an attack. However, it's difficult to put this aspect into financial terms.\" — Joseph S..." image: "https://sms4smile.com/quotes/i/1af/joseph-stiglitz-1351_aspect_most-people-think-the-iraq-war-has-incre_1499868.jpg" --- # Most people think the Iraq war has increased the… ![“Most people think the Iraq war has increased the probability of an attack. However, it's difficult to put this aspect into financial terms.” quote by Joseph Stiglitz](https://sms4smile.com/quotes/i/1af/joseph-stiglitz-1351_aspect_most-people-think-the-iraq-war-has-incre_1499868.jpg) [Download](https://sms4smile.com/quotes/i/1af/joseph-stiglitz-1351_aspect_most-people-think-the-iraq-war-has-incre_1499868.jpg) [Open image](https://sms4smile.com/quotes/i/1af/joseph-stiglitz-1351_aspect_most-people-think-the-iraq-war-has-incre_1499868.jpg) > “Most people think the Iraq war has increased the probability of an attack. However, it's difficult to put this aspect into financial terms.” [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. The Iraq war’s impact on attack risk is hard to quantify financially. **In simple terms:** War’s effect on security risk is difficult to measure in money terms. Key Takeaway Acknowledge limits of financial risk models. Themes economics security uncertainty Mood analytical serious Type academic critical When to use this quote - policy analysis - insurance pricing - investment decisions - strategic planning Key Concepts risk assessment geopolitics financial modeling Questions to Reflect On - How can we better value security risks? - What alternative metrics exist? A Different Perspective Financial models may miss human costs. ★ ★ ★ ★ ★ No ratings yet [Iraq](https://sms4smile.com/quotes/about/iraq/) [Iraq war](https://sms4smile.com/quotes/about/iraq-war/) [People](https://sms4smile.com/quotes/about/people/) [Probability](https://sms4smile.com/quotes/about/probability/) [Thinking](https://sms4smile.com/quotes/about/thinking/) [War](https://sms4smile.com/quotes/about/war/) ## Related quotes > [We didn't push the Russians to intervene, but we knowingly increased the probability that they would.](https://sms4smile.com/quotes/zbigniew-brzezinski/we-didn-t-push-the-russians-to-intervene-but-we-knowingly-increased/) [Zbigniew Brzezinski](https://sms4smile.com/quotes/author/zbigniew-brzezinski/) > [I think the Iraq War is not particularly tailored to American interests.](https://sms4smile.com/quotes/peter-brimelow/i-think-the-iraq-war-is-not-particularly-tailored-to-american/) [Peter Brimelow](https://sms4smile.com/quotes/author/peter-brimelow/) > [Playing in attack is difficult. You are under scrutiny, and you have to be able to deal with that.](https://sms4smile.com/quotes/paul-scholes/playing-in-attack-is-difficult-you-are-under-scrutiny-and-you-have-to/) [Paul Scholes](https://sms4smile.com/quotes/author/paul-scholes/) > [I think there is a potential civic culture in Arab countries that can lead to democratic institutions and I think Iraq is probably the…](https://sms4smile.com/quotes/richard-perle/i-think-there-is-a-potential-civic-culture-in-arab-countries-that-can/) [Richard Perle](https://sms4smile.com/quotes/author/richard-perle/) > [I think we should take Iraq and Iran and combine them into one country and call it Irate. All the pissed off people live…](https://sms4smile.com/quotes/denis-leary/i-think-we-should-take-iraq-and-iran-and-combine-them-into-one/) [Denis Leary](https://sms4smile.com/quotes/author/denis-leary/) > [I don't think the whole of Iraq would be under al-Sadr, but I think he would be the predominant force on the Shia side.…](https://sms4smile.com/quotes/patrick-cockburn/i-don-t-think-the-whole-of-iraq-would-be-under-al-sadr-but-i-think-he/) [Patrick Cockburn](https://sms4smile.com/quotes/author/patrick-cockburn/) > [Think of Iraq as "East Korea," because it was a shoot the cuffs war for the edification of Kim Jong Il to let him…](https://sms4smile.com/quotes/dennis-miller/think-of-iraq-as-east-korea-because-it-was-a-shoot-the-cuffs-war-for/) [Dennis Miller](https://sms4smile.com/quotes/author/dennis-miller/) > [There is a clear and strong link between the economy's present woes and the Iraq war. The war was at least one of the…](https://sms4smile.com/quotes/joseph-stiglitz/there-is-a-clear-and-strong-link-between-the-economy-s-present-woes/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [I'm writing from New Zealand - a country that decided from the beginning that the War was wrong, and chose not to participate in…](https://sms4smile.com/quotes/joseph-stiglitz/i-m-writing-from-new-zealand-a-country-that-decided-from-the/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [I find it scandalous not only that there was so little discussion of the costs of the Iraq war before we went to war…](https://sms4smile.com/quotes/joseph-stiglitz/i-find-it-scandalous-not-only-that-there-was-so-little-discussion-of/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [This Iraq war has been the most "privatized" war in America's history. It has seen the most extensive use of contractors. The contractors have…](https://sms4smile.com/quotes/joseph-stiglitz/this-iraq-war-has-been-the-most-privatized-war-in-america-s-history/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [The national debt will have increased by approximately 50% in just eight years! We will have created a new unfunded entitlement - disability and…](https://sms4smile.com/quotes/joseph-stiglitz/the-national-debt-will-have-increased-by-approximately-50-in-just/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [ We are helping the people that \[George W.\]Bush says are evil. Teheran couldn't be happier about the high oil prices resulting from the Iraq… ](https://sms4smile.com/quotes/joseph-stiglitz/we-are-helping-the-people-that-george-w-bush-says-are-evil-teheran/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [In fact, for just about 1/6 of the cost of an Iraq War, we could have put the social security system on sound financial…](https://sms4smile.com/quotes/joseph-stiglitz/in-fact-for-just-about-1-6-of-the-cost-of-an-iraq-war-we-could-have/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) > [The country has large unfunded liabilities - social security, health care, and there will have to be some adjustments to these problems. What is…](https://sms4smile.com/quotes/joseph-stiglitz/the-country-has-large-unfunded-liabilities-social-security-health/) [Joseph Stiglitz](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## 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/) [Explore all 251 Joseph Stiglitz quotes ](https://sms4smile.com/quotes/author/joseph-stiglitz/) ## More Aspect quotes > [Why is wisdom so fair? Why is beauty so wise? Because all else is temporary, while beauty and wisdom are the only real and…](https://sms4smile.com/quotes/vera-nazarian/why-is-wisdom-so-fair-why-is-beauty-so-wise-because-all-else-is/) [Vera Nazarian](https://sms4smile.com/quotes/author/vera-nazarian/) > [It is according to the shapes that I lay the plans for victory, but the multitude does not comprehend this. Although everyone can see…](https://sms4smile.com/quotes/sun-tzu/it-is-according-to-the-shapes-that-i-lay-the-plans-for-victory-but/) [Sun Tzu](https://sms4smile.com/quotes/author/sun-tzu/) > [I believe that simple, consistent shifts in our thinking and actions can lead to the miraculous in all aspects of our daily lives, including…](https://sms4smile.com/quotes/gabrielle-bernstein/i-believe-that-simple-consistent-shifts-in-our-thinking-and-actions/) [Gabrielle Bernstein](https://sms4smile.com/quotes/author/gabrielle-bernstein/) > [There is so much temptation to hold on to my career even more now. To try to micromanage and dictate every little aspect. But…](https://sms4smile.com/quotes/jeremy-lin/there-is-so-much-temptation-to-hold-on-to-my-career-even-more-now-to/) [Jeremy Lin](https://sms4smile.com/quotes/author/jeremy-lin/) > [I do miss the social aspect of sitting in a pub with a pint but you know what when I get down to it…](https://sms4smile.com/quotes/ozzy-osbourne/i-do-miss-the-social-aspect-of-sitting-in-a-pub-with-a-pint-but-you/) [Ozzy Osbourne](https://sms4smile.com/quotes/author/ozzy-osbourne/) > [Some say that you should not want money at all because the desire for money is materialistic and not Spiritual. But we want you…](https://sms4smile.com/quotes/esther-hicks/some-say-that-you-should-not-want-money-at-all-because-the-desire-for/) [Esther Hicks](https://sms4smile.com/quotes/author/esther-hicks/) > [Death is but an aspect of life, and the destruction of one material form is but a prelude to building up of another.](https://sms4smile.com/quotes/anonymous/death-is-but-an-aspect-of-life-and-the-destruction-of-one-material/) [Anonymous](https://sms4smile.com/quotes/author/anonymous/) > [I would call myself a Gnostic. Which means, I'm interested in pursuing and understanding the spiritual nature of things. A Gnostic is somebody seeking…](https://sms4smile.com/quotes/robert-crumb/i-would-call-myself-a-gnostic-which-means-i-m-interested-in-pursuing/) [Robert Crumb](https://sms4smile.com/quotes/author/robert-crumb/) > [One can be a great artist without being a great technician. There have been many famous ballet stars who did not have the ideal…](https://sms4smile.com/quotes/fernando-bujones/one-can-be-a-great-artist-without-being-a-great-technician-there-have/) Fernando Bujones > [I love fall because I love the whole cuddling aspect of it, and a sweater dress has that vibe of I'm going to hunker…](https://sms4smile.com/quotes/jessica-chastain/i-love-fall-because-i-love-the-whole-cuddling-aspect-of-it-and-a/) [Jessica Chastain](https://sms4smile.com/quotes/author/jessica-chastain/) > [The socially redeeming aspect of golf lies in the vast number of lawyers and bankers and managers who play it, and when you think…](https://sms4smile.com/quotes/garrison-keillor/the-socially-redeeming-aspect-of-golf-lies-in-the-vast-number-of/) [Garrison Keillor](https://sms4smile.com/quotes/author/garrison-keillor/) > [I didnt like the Survivor shows because of the mean-spirited aspect, and women certainly were part of whatever conflict they would create.](https://sms4smile.com/quotes/sharon-lawrence/i-didnt-like-the-survivor-shows-because-of-the-mean-spirited-aspect/) [Sharon Lawrence](https://sms4smile.com/quotes/author/sharon-lawrence/) > [MAC allowed me to have complete freedom on the collaborations—from the shades, the look-and-feel, to the campaign visuals. I have to admit that the…](https://sms4smile.com/quotes/philip-treacy/mac-allowed-me-to-have-complete-freedom-on-the-collaborations-from/) [Philip Treacy](https://sms4smile.com/quotes/author/philip-treacy/) > [I mean family is more important than anything in life. Family is important than my crew, D-Block, my rap career anything... It's the most…](https://sms4smile.com/quotes/styles-p/i-mean-family-is-more-important-than-anything-in-life-family-is/) [Styles P](https://sms4smile.com/quotes/author/styles-p/) > [Wealth is measured by the level of experience in all aspects of life](https://sms4smile.com/quotes/henry-david-thoreau/wealth-is-measured-by-the-level-of-experience-in-all-aspects-of-life/) [Henry David Thoreau](https://sms4smile.com/quotes/author/henry-david-thoreau/) Browse all 3,171 Aspect quotes ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "Most people think the Iraq war has increased the probability of an attack. However, it's difficult to put this aspect into financial terms.", "creator": { "@type": "Person", "name": "Joseph Stiglitz" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/joseph-stiglitz/most-people-think-the-iraq-war-has-increased-the-probability-of-an/", "about": { "@type": "Thing", "name": "Aspect" }, "@id": "https://sms4smile.com/quotes/joseph-stiglitz/most-people-think-the-iraq-war-has-increased-the-probability-of-an/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/1af/joseph-stiglitz-1351_aspect_most-people-think-the-iraq-war-has-incre_1499868.jpg", "contentUrl": "https://sms4smile.com/quotes/i/1af/joseph-stiglitz-1351_aspect_most-people-think-the-iraq-war-has-incre_1499868.jpg", "url": "https://sms4smile.com/quotes/i/1af/joseph-stiglitz-1351_aspect_most-people-think-the-iraq-war-has-incre_1499868.jpg", "width": 1080, "height": 1080, "caption": "“Most people think the Iraq war has increased the probability of an attack. However, it's difficult to put…” — Joseph Stiglitz", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Joseph Stiglitz", "item": "https://sms4smile.com/quotes/author/joseph-stiglitz/" }, { "@type": "ListItem", "position": 4, "name": "Most people think the Iraq war...", "item": "https://sms4smile.com/quotes/joseph-stiglitz/most-people-think-the-iraq-war-has-increased-the-probability-of-an/" } ], "@id": "https://sms4smile.com/quotes/joseph-stiglitz/most-people-think-the-iraq-war-has-increased-the-probability-of-an/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```