The problem is a lot of what is called economics is not economics. It is more ideology or religion.
Joseph StiglitzThe budgetary cost to the UK of the wars in Iraq and Afghanistan through 2010 will total more than ยฃ18 billion. If we include the social costs the total impact will exceed ยฃ20 billion.
Joseph StiglitzHealth 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.
Joseph StiglitzThere must have been something in the air of Gary that led one into economics: the first Nobel Prize winner, Paul Samuelson, was also from Gary, as were several other distinguished economists.
Joseph StiglitzThe Bush administration has been doing everything it can to hide the huge number of returning veterans who are severely wounded - 17,000 so far including roughly 20 percent with serious brain and head injuries. Even the estimate of $500 billion ignores the lifetime disability and healthcare costs that taxpayers will have to spend for years to come.
Joseph Stiglitz