Most poor people earn more than minimum wage when they are working; their problem is not low wages. The problem comes when they are not working.
Joseph StiglitzThe problem is a lot of what is called economics is not economics. It is more ideology or religion.
Joseph StiglitzIt is a set of policies formulated between 15th and 19th streets by the U.S. Treasury, and World Bank. Countries should focus on stabilization, liberalization, privatization.
Joseph StiglitzWe could have saved Wall Street without putting our future in jeopardy. I predicted that there would be all-around consequences - in the long run as well as in the short run. People are now saying we can't afford health care reform because we spent all the money on the banks. So, in effect, we're saying that it's better that we give rich bankers a couple of trillion than giving ordinary Americans access to health care.
Joseph Stiglitz