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Quote by Edward Kennedy

“Integrity is the lifeblood of democracy. Deceit is a poison in its veins.”

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Edward Kennedy, a former United States Senator, was born on February 22, 1932, and passed away on August 25, 2009. He was a significant figure in politics, philanthropy, and social activism. more

“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.”

Firsts Country Voice Interest Community Policy Labor Victim Tables Unions Financial Finance Ministers Seats Governors Linked Viewpoints Central Banks Labor Union

Author:Joseph Stiglitz

“Workers' rights should be a central focus of development.”

Should Focus Rights Development Workers Workers Rights

Author:Joseph Stiglitz

“Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.”

Knows Essentials Capitalism Bankruptcy

Author:Joseph Stiglitz

“Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.”

Government Behavior Debt Intervention Lenders Government Intervention

Author:Joseph Stiglitz

“The IMF insisted that both Russia and Brazil maintain their currency at over-valued levels. Who are you protecting when you try to maintain that exchange rate by having high interest rates? You're protecting domestic and foreign firms that have gambled on the exchange rate. And who is paying the price? The small businesses that did not gamble [and no longer can afford loans], the workers who are going to be put out of jobs.”

Trying Jobs Interest Levels Workers Rate Russia Firm Currency Small Business Loan Gamble Brazil Interest Rate Imf

Author:Joseph Stiglitz

“Capital market liberalization includes freeing up deposit and lending rates, opening up the market to foreign banks, and removing restrictions on capital account transactions and bank lending. The focus is on deregulation, not on finding the right regulatory structure.”

Focus Findings Accounts Structure Rate Opening Restriction Transactions Lending Opening Up Deposits Deregulation

Author:Joseph Stiglitz

“If you destroy a firm, you can't pull it out of bankruptcy overnight.”

Ifs Firm Bankruptcy

Author:Joseph Stiglitz

“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.”

Needs Views Streets Policy Threat Monetary Recessions Fiscal Policy

Author:Joseph Stiglitz

“The international institutions go around the world preaching liberalization, and the developing countries see that means open up your markets to our commodities, but we aren't going to open our markets to your commodities. In the nineteenth century, they used gunboats. Now they use economic weapons and arm-twisting.”

World Mean Country Use Used Economic Century Arms Weapons Institutions International Around The World Developing Preaching Commodity Nineteenth Century Developing Countries

Author:Joseph Stiglitz

“You have almost zero chance of being killed by a refugee in America. You have almost no chance of being killed in a terrorist attack by an immigrant - by any kind of immigrant, let alone an Islamic immigrant.”

Kind America Chance Terrorist Islamic Immigrants Zero Refugee Terrorist Attacks Almost Zero

Author:Reza Aslan

Quote by Edward Kennedy

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