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In developing countries, lack of infrastructure is a far more serious barrier to trade than tariffs.

Joseph Stiglitz

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Joseph Stiglitz
Age: 81
Born: 1943
Born: February 9
Critic
Economist
Non-Fiction Writer
Professor
Science Writer
University Teacher
Writer
Gary
Indiana
Joseph Eugene Stiglitz
Joseph Stiglitz
Serious
Tariffs
Country
Barrier
Infrastructure
Barriers
Developing
Lack
Countries
Trade

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The country has large unfunded liabilities - social security, health care, and there will have to be some adjustments to these problems. What is scary though is how much worse things have gotten in the last eight years, and the Iraq war is one of the main factors.
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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.
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I grew up in a family in which political issues were often discussed, and debated intensely.
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Amherst is a liberal arts college, committed to providing students with a broad education.
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You saw on your TV what happened in New Orleans after Hurricane Katrina. The Reserves or National Guard are usually the people we use for those national emergencies. They weren't here, they were over in Iraq, and so we were less protected.
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The grand larceny that occurred in Russia, the corruption that resulted in nine or ten people getting enormous wealth through loans-for-shares, was condoned because it allowed the reelection of Boris Yeltsin.
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Economists often like startling theorems, results which seem to run counter to conventional wisdom.
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Anybody who knows about capitalism knows that bankruptcy is an essential part of capitalism.
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Nationalization of private debts undermines prudential lender behavior and is a government intervention in the market.
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