Joseph Stiglitz Quotes

I take office during the most difficult moment in the country's recent history. The country can be saved - it's up to us. I think it is obvious for those who support this government to undertake the commitment and ensure that our country's euro membership is not endangered.

The President [Barack Obama], I think if you look at it from his shoes, you know, was facing a very difficult situation where he had to own Washington, tame New York, save a collapsing economy, with a collapsed financial system. He moved, I think, to a team that he felt was tried and true, in terms of dealing with financial crisis. That was his decision.

I think crisis starts with the government of Puerto Rico. It has to take measures to solve the fiscal problems that it has, which are very serious. It's very basic: it's the same thing that is happening in Washington.

With the lessons taken from the financial crisis in 1997, the Republic of Korea has been able to surmount the global economic crisis rather successfully.

Most cases, I would say, in a huge amount of cases, countries that have worked with us and have used our financial facilities have come out quick... more quickly and in a better shape from a crisis than would have come out otherwise.

The IMF is set up to deal with liquidity crises.

Let’s have a moratorium on press conferences …. Get off your asses and let’s do something and fix the biggest doggone crisis in the history of this country.

I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was invented to do exactly that.

I am sure the euro will oblige us to introduce a new set of economic policy instruments. It is politically impossible to propose that now. But some day there will be a crisis and new instruments will be created.

I don't think that any economist disputes that we're in the worst economic crisis since the great depression. The good news is that we're getting a consensus around what needs to be done.

There is a well-established conviction that the central banks always do what is necessary to keep the system going and then afterwards you then take care of the legal aspects. In a crisis, you simply do not have time to think about such concerns for too long.

Particularly in periods of crisis, governments have the obligation to lead by good example! Instead, many in Europe are confronting this global challenge with a penny-pinching mentality that drives me crazy.

nothing happens in August - except when something really happens in August. World War I began in August, Saddam Hussein's invasion of Kuwait began in August, al Qaida was preparing to bring down the World Trade Center in August. August, in other words, is the time when all of us should prepare our backup plans, chart our reversals of course, [and] think through possible paradigm changes.

I don't think Spain will need any kind of external support.

I think today you can move ahead working with global companies more than with national governments.

Sometimes it takes a crisis for people to agree that what is obvious and should have been done years ago, can no longer be postponed. We must create a new international financial architecture for the global age.

That is, I think that what I do, that democracy in Venezuela hasn't really worked well since the [Ugo] Chávez era and that it has gotten even worse since the last elections, in which the Maduro government lost control of the House, of the country's legislature.

The interests of the IMF represent the big international interests that today seem to be established and concentrated in Wall Street.

We must also take this opportunity to learn from the situation [of Brexit], just as we learned from the refugee and debt crises.

I think young people are recognizing the power of institutions, and we have to really dismantle a lot of the stigma and shame, culturally, but we also have to change things in terms of how government and institutions deal with this.

She [Carolyn Maloney] knows the financial issues, that's why we thought she was perfect because we're in a - we're in, as you know, a financial crisis, an economic crisis, and I know that she'll see the whole picture.

The European Union that emerges from the Eurozone crisis is going to be a very different body. It will be transformed perhaps beyond recognition by the measures needed to save the Eurozone.

I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp. That goes back to 1932, although it was really implemented in '33 under Jesse Jones, and it invested in mostly banks initially and preferred stock and that sort of thing.

This is the one international institution we have in which governments get together to work collectively for a common purpose. International crises, by definition, require international solutions. Peacekeeping is a response to conflict, is a response to situations in which often it is not the business of any one particular country to get into. It seems to me, therefore, that the world will for the foreseeable future need peacekeeping.

Institutions of the newer participants in global finance had not been tested, until recently...recent crisis have underscored certain financial structure vulnerabilities that are not readily assuaged in the short run.