Contact
Privacy
Home
Latest
Oldest
Popular
Random
Home
»
Books
»
The Great Divide: Unequal Societies and What We Can Do About Them
Book:
The Great Divide: Unequal Societies and What We Can Do About Them
Quotes of Book: The Great Divide: Unequal
TOP TAGS :
your-life
hermione
troubled
remarkable
thorns
shape
laugh-out-loud
freedom-fighters
Joseph E. Stiglitz
_
The Great Divide: Unequal
Just as Guantánamo and Abu Ghraib have eroded America's moral authority, so the Bush administration's fiscal housekeeping has eroded our economic authority.
book-quote
Joseph E. Stiglitz
_
The Great Divide: Unequal
Looking back at that belief during hearings this fall on Capitol Hill, Alan Greenspan said out loud, "I have found a flaw." Congressman Henry Waxman pushed him, responding, "In other words, you found that your view of the world, your ideology, was not right; it wasn't working." "Absolutely, precisely," Greenspan said.
book-quote
Joseph E. Stiglitz
_
The Great Divide: Unequal
Suppose someone were to describe a small country that provided free education through university for all of its citizens, transportation for schoolchildren, and free health care - including heart surgery - for all. You might suspect that a country is either phenomenally rich or on the fast track to fiscal crisis.
book-quote
Joseph E. Stiglitz
_
The Great Divide: Unequal
Loose money and light regulation were a toxic mixture. It exploded.
book-quote
Joseph E. Stiglitz
_
The Great Divide: Unequal
Borrowers were told not to worry about paying the ever-mounting debt, because house prices would keep rising and they could refinance, taking out some of the capital gains to buy a car or pay for a vacation.
book-quote
Joseph E. Stiglitz
_
The Great Divide: Unequal
Today, China alone holds more than $1 trillion in public and private American IOUs. Cumulative borrowing from abroad during the six years of the Bush administration amounts to some $5 trillion. Most likely these creditors will not call in their loans-if they ever did, there would be a global financial crisis.
book-quote
Joseph E. Stiglitz
_
The Great Divide: Unequal
We were not rich, but my parents had adjusted their lifestyle to their incomes-and in the end that is a big part of the battle.
book-quote
Joseph E. Stiglitz
_
The Great Divide: Unequal
Democracy, we now know, is more than periodic elections in some countries, such elections have been used to legitimize essentially authoritarian regimes and deprive large parts of the citizenry of basic rights."
book-quote
Categories
book-quote (0.5m)
love (43k)
life (41k)
inspirational (29k)
philosophy (15k)
humor (15k)
god (14k)
truth (13k)
wisdom (11k)
happiness (10k)
About
Contact
Privacy
Terms of service
Disclaimer