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"The extra curricular activity in which I was most engaged - debating - helped shape my interests in public policy."
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"We haven't had a good energy policy in this country for decades and we're trying to get one."
"Any intervention, such as that of the German Reichsbank in the Spring of 1923, in which only a small part of the increasing note-expansion was recovered by the banks through the sale of foreign bills, would necessarily be unsuccessful. Led by the idea of opposing speculation, inflationistic governments have allowed themselves to become involved in measures whose meaning is hardly intelligible. Thus at one time the importation of notes, then their exportation, then again both their exportation and importation, have been prohibited. Exporters have been forbidden to sell for their own country's notes, importers to buy with them."
"When you see how the President makes political or policy decisions, you see who he is. The essence of the Presidency is decision-making."
"For almost twenty years, abortion policy in America has been controlled by the courts."
"The American foreign policy trauma of the sixties and seventies was caused by applying valid principles to unsuitable conditions."
"The Democrats have no actual policy proposals of their own unless constant carping counts as a policy."
"Without a good cultural policy, without adequate help, we will always have individualists, shooting stars who are rapidly forgotten or who stop painting for a more profitable occupation."
"Domestic inflation reflects domestic monetary policy."
"There is no such thing as a fixed policy, because policy like all organic entities is always in the making."
Explore more quotes by Joseph E. Stiglitz
"My teachers helped guide and motivate me; but the responsibility of learning was left with me, an approach to learning which was later reinforced by my experiences at Amherst."
"I recognized that information was, in many respects, like a public good, and it was this insight that made it clear to me that it was unlikely that the private market would provide efficient resource allocations whenever information was endogenous."
"Certainly, the poverty, the discrimination, the episodic unemployment could not but strike an inquiring youngster: why did these exist, and what could we do about them."
"Much of my work in this period was concerned with exploring the logic of economic models, but also with attempting to reconcile the models with every day observation."
"Economists often like startling theorems, results which seem to run counter to conventional wisdom."
"If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?"
"I grew up in a family in which political issues were often discussed, and debated intensely."
"There 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."
"Amherst was pivotal in my broad intellectual development; MIT in my development as a professional economist."
"But individuals and firms spend an enormous amount of resources acquiring information, which affects their beliefs; and actions of others too affect their beliefs."
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