“Whenever people go out of their way to help other people - there's power and beauty in our diversity.” Quote by Michael Franti
“I understand why political leaders in the beginning want to be cheerleaders to generate optimism. But to admit that they didn't understand the depths of the problem afterwards, I found a little bit surprising.” WantLittlesProblemPoliticalFoundBitsLeaderLittle BitOptimismDepthSurprisingPolitical LeadersCheerleader Author:Joseph Stiglitz
“The recovery of the banks is what happens when you reduce competition, lend money to them at zero interest rates, allow them to gamble. That particular style of restoration actually inhibits the economic recovery.” HappensInterestEconomicStyleParticularCompetitionRateRecoveryZeroRestorationGambleInterest RateEconomic Recovery Author:Joseph Stiglitz
“Wall Street banks have used the same tactic that Bush used in the war on terror - fear - and they've basically said that if you don't do what we tell you, the sky will fall. If you don't do what we tell you, it will be the end of capitalism as we know it. The failure of Lehman Brothers lent some credence to those fears.” IfsKnowsSaidWarEndsUsedFallSkyStreetsBrotherWallCapitalismTerrorTacticsWar On TerrorCredenceLehman Brothers Author:Joseph Stiglitz
“Temporary nationalization of the banks that are in very bad shape would mean basically that the government is the temporary owner. I always believe that the government should focus on its comparative advantages, and banking is not one of them. It should, therefore, if it nationalizes banks, sell them back to the private sector.” IfsShouldBelieveMeanGovernmentFocusShapesAdvantageSellsOwnersTemporaryBankingAlways BelievePrivate SectorComparative Advantage Author:Joseph Stiglitz
“Health care is very different from other sectors of the economy in several respects, one of which is the fact that the risk can be very high beyond people's ability. That leads to insurance.” PeopleDifferentFactsCareAbilityEconomyRiskHealth Care Author:Joseph Stiglitz
“There is a growing consensus that the European systems have worked better than the American: They have been able to deliver better health care to more people at lower cost.” PeopleHas BeensCareAbleGrowingCostHealth CareConsensus Author:Joseph Stiglitz
“I think that for the developing world there are many versions of capitalism, and countries have to choose one that's appropriate.” ThinkingWorldCountryCapitalismVersionsDevelopingAppropriate Author:Joseph Stiglitz
“Unfettered market American-style capitalism doesn't work. Developing countries can't afford that kind of luxury. They just can't afford it. Period. If there's a mistake, they can't afford to put out $2 trillion.” IfsKindCountryMistakeStylePeriodsCapitalismLuxuryDevelopingDeveloping Countries Author:Joseph Stiglitz
“If the President asked you to help, I don't think anybody could refuse, unless one felt that one couldn't be effective.” IfsThinkingHelpingFeltPresidentRefuse Author:Joseph Stiglitz
“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.” HelpingAsksDifficultPolicyShapes Author:Joseph Stiglitz