[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$fFc78B0-NmC4KnpLrXEj3brXOWciBa1HK5ouWb8PHNSc":3,"$fRfsK8hEHXZrs7TU9Mvjv3R_qQ5d0y0QAdjG84hXKL0I":16},{"author":4,"tags":11},{"author_id":5,"author_name":6,"author_name_first_letter":7,"article_count":8,"bio":9,"short_bio":9,"slug":10,"image_url":9},82008,"Joseph Stiglitz","J",233,null,"joseph-stiglitz",[12],{"tag_id":13,"tag_name":14,"tag_count":15},3625,"country",6,{"quotes":17,"pagination":81},[18,26,32,38,44,50,56,62,69,75],{"id":19,"quote_text":20,"author_id":5,"source_id":21,"has_image":22,"author":23,"source":24,"quote_tag":25,"commentary":9},3752940,"An economy in which most citizens are doing worse year after year - an economy like America's - is not likely to do well over the long haul.",7,false,{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":27,"quote_text":28,"author_id":5,"source_id":21,"has_image":22,"author":29,"source":30,"quote_tag":31,"commentary":9},3752925,"Those who have contributed great positive innovations to our society, from the pioneers of genetic understanding to the pioneers of the Information Age, have received a pittance compared with those responsible for the financial innovations that brought our global economy to the brink of ruin.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":33,"quote_text":34,"author_id":5,"source_id":21,"has_image":22,"author":35,"source":36,"quote_tag":37,"commentary":9},3752912,"Trump can bring jobs back, but they will be minimal-wage jobs, not the high-paying jobs of the 1950s.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":39,"quote_text":40,"author_id":5,"source_id":21,"has_image":22,"author":41,"source":42,"quote_tag":43,"commentary":9},3752906,"Technology has been advancing so fast that the number of jobs globally in manufacturing is declining. There is no way that Trump can bring significant numbers of manufacturing jobs back to the U.S.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":45,"quote_text":46,"author_id":5,"source_id":21,"has_image":22,"author":47,"source":48,"quote_tag":49,"commentary":9},3752889,"Obama had to save the banks, sure, but he didn't have to save the bankers and the shareholders and the bondholders. We broke the rules of capitalism in order to save those at the top - as we always do.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":51,"quote_text":52,"author_id":5,"source_id":21,"has_image":22,"author":53,"source":54,"quote_tag":55,"commentary":9},3752887,"Hedge funds are not noted for their long-term thinking - for them, a quarter is an eternity.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":57,"quote_text":58,"author_id":5,"source_id":21,"has_image":22,"author":59,"source":60,"quote_tag":61,"commentary":9},3752886,"It's very clear that TPP was promoted by corporate interests, it was driven by ideology, not by economic science. And when they started looking at the net trade benefits, they are miniscule.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":63,"quote_text":64,"author_id":5,"source_id":21,"has_image":22,"author":65,"source":66,"quote_tag":67,"commentary":68},3752884,"The laws of normal economics dictate that lower taxes combined with increased spending will lead to bigger deficits.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],"**The Backstory**\nJoseph Stiglitz, a Nobel laureate in economics, often critiques conventional economic wisdom. This quote likely stems from his work during the 1990s and 2000s, when he was a key figure in the debate over the effectiveness of fiscal policies. As a critic of the Washington Consensus, Stiglitz was particularly vocal about the flaws in the economic policies promoted by the International Monetary Fund (IMF) and the World Bank.\n\n**The Hidden Insight**\nThe hidden insight in this quote is that Stiglitz is not simply stating a fact, but rather highlighting the limitations of traditional economic thinking. He is pointing out that the laws of normal economics, which are based on assumptions about human behavior, are not always applicable in real-world scenarios. The paradox lies in the fact that the conventional wisdom of lower taxes and increased spending leading to bigger deficits is actually a self-fulfilling prophecy, as the assumption of increased consumption and growth is not always realized.\n\n**How to Use This**\nTo apply this mindset today, consider the importance of questioning assumptions and challenging conventional wisdom in your own field. When faced with a seemingly obvious solution, take a step back and examine the underlying assumptions that drive it. This critical thinking will help you identify potential pitfalls and develop more effective strategies for achieving your goals.",{"id":70,"quote_text":71,"author_id":5,"source_id":21,"has_image":22,"author":72,"source":73,"quote_tag":74,"commentary":9},3752882,"There is a broad consensus, not only in the United States but in most of the world, that if you are in an economic downturn, you need to stimulate. Germany seems to be an exception.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"id":76,"quote_text":77,"author_id":5,"source_id":21,"has_image":22,"author":78,"source":79,"quote_tag":80,"commentary":9},3752880,"Trump has been criticized by mainstream Republicans for not really being one of them. But he is definitely one of them when it comes to the central palliative for any ill befalling the country: a tax cut for the rich.",{"id":5,"author_name":6,"slug":10,"author_name_first_letter":7,"article_count":8,"image_url":9},{},[],{"currentPage":82,"totalPages":83,"totalItems":8,"itemsPerPage":84},1,24,10]