Joseph Stiglitz quote

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People at the top spend less money than those at the bottom, so when you have redistribution toward the top, aggregate demand goes down. Unless you intervene, you're going to have a weak economy unless something else happens.
Joseph Stiglitz
Joseph Stiglitz
Joseph Stiglitz
Born: Feb 9, 1943

Topics

You, People, Money, Down, Intervene, Else, Unless, Spend, Top, Those, Weak, Something, Something Else, Bottom, Toward, Demand, Economy, Redistribution, Than, Goes, Going, Happens, Aggregate, Less, Less Money

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Alan Greenspan, Herbert A. Simon, John Kenneth Galbraith, Milton Friedman, Paul A. Volcker, Richard Thaler, Robert Reich, Thomas Sowell
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