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Quote by 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 have not moved in tandem.”

Quote by Joseph Stiglitz

Author

Joseph Stiglitz

Joseph Stiglitz is a renowned economist born on February 9, 1943, in the United States. He has made extensive contributions to the field of economics, particularly in the areas of development economics, globalization, and financial policy. Stiglitz served as Chief Economist and Senior Vice President at the World Bank and was awarded the Nobel Prize in Economics in 1998. more

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“Public spending on infrastructure has fallen to its lowest level since 1947. And the U.S., which used to have the finest infrastructure in the world, is now ranked 16th according to the World Economic Forum, behind Iceland, Spain, Portugal and the United Arab Emirates.”

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“Love in all eight tones and all five semitones of the word's full octave.”

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“Last time Congress passed a major six-year transportation bill was in 1997, since then there have been 21 short-term extensions.”

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“The Bush administration, they had two blue ribbon commissions about infrastructure finance that recommended a lot more money, and additionally the gas tax being increased. We couldn't get them to accept being able to move forward. Since President Obama's been in office, there has been, to be charitable, a lack of enthusiasm for raising the gas tax.”

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“A shortage of airports runways and gates along outmoded air traffic control systems have made U.S. air travel the most congested in the world.”

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“I trace the inequality to a particular set of decisions that we took when we lowered the tax rate from 91% down to very low levels at the top, where we stripped away regulations. So the result of that was not a more dynamic economy, but a more unequal society. We tried the experiment of trickle-down. A third of a century later, we can say fairly definitively that it was a failure.”

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“Portal Bridge is based on a design from the 1840s and was already obsolete shortly after it was completed in 1910. It's a swing bridge that needs to be opened several times a week so barges can pass up and down the river. It takes about a half an hour. The problem is it fails to lock back into place on a regular basis.”

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“The facts are facts and records are records.”

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“Americans have gotten to know Sarah Palin. They know that she's a role model to women and other - and reformers all over America. She's a reformer.”

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