Macroeconomic policy can never be devoid of politics it involves fundamental trade-offs and affects different groups differently.
More Quotes from Joseph Stiglitz:
The question is whether it'll be a stable country, will it be a country in which a diversity of views, open transparency, women's rights are recognized. The likelihood of that remains very low.Joseph Stiglitz
China has been selling a lot of goods to the West, particularly to the US, but at the same time it has been providing the money to provide the goods.
Joseph Stiglitz
We did not have to fight this war, and we did not have to go to war when we did. We could have waited until we had more safe body armor and we chose not to wait.
Joseph Stiglitz
China's growth has been export-based, but it may be difficult for it to sustain the pace of export growth.
Joseph Stiglitz
Asia has become the source of finance, the source of savings. It now has the human capital to manage that well. Why doesn't it take the advantage of that opportunity to try and create financial markets that work better for the people of Asia.
Joseph Stiglitz
He was the best articulator of a set of ideas. But they happen to be wrong ideas.
Joseph Stiglitz
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Based on Topics: Politics QuotesBased on Keywords: trade-offs
Driving with one foot on the accelerator and the other on the brake is likely to get you nowhere, but certainly will burn out vital parts of your car. Similarly, cutting taxes on the middle class, but increasing them on the 'rich' is likely to result in an economic burnout.
Terry Savage
I'm pretty illiterate when it comes to comics history.
Alison Bechdel