A Quote by Prashant Bhushan
Joseph Stiglitz was the chief economist of the World Bank for three years till January 2000. Before that he was the chairman of President Clinton's Council of Economic Advisers. No one can speak more authoritatively or with greater inside knowledge about the functioning of the Washington consensus institutions.
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The Clinton years were not an economic Nirvana; as chairman of the president's Council of Economic Advisers during part of this time, I'm all too aware of mistakes and lost opportunities.
I remember in 2000, when President Clinton came to Cartagena just before Plan Colombia started, the country was on the verge of becoming a failed state. Today, we are one of the most solid democracies, where institutions are working, where the scandals such as false positives have come to light because of those functioning institutions.
Stiglitz is not a Left economist. Indeed, it would be difficult to find a more authentic insider and establishment figure than Stiglitz.
It is a wonderful and unexpected honor to receive the Bank of Sweden Prize in Economic Sciences in Memory of Alfred Nobel. Receiving this prize with Joseph Stiglitz and George Akerlof, whose work I have learned from and admired, makes it even more gratifying.
I think that the only time we will really know what then-President Trump is going to do about the set of challenges that confront him is after he has sat down with his advisers as the commander in chief, when he's looking at the threats and the intelligence from the standpoint of being the number one decider, when he's hearing from his secretary of defense, his chairman, who was the same chairman President Obama had, Chairman Joe Dunford, who is an outstanding public servant, who has led our anti-ISIL effort, on which we're making great progress.
During my three years as chief economist of the World Bank, labor market issues were looked at through the lens of neoclassical economics. A standard message was to increase labor market flexibility. The not-so-subtle subtext was to lower wages and lay off unneeded workers.
According to the management expert Peter F. Drucker, the term "entrepreneur" (from the French, meaning "one who takes into hand") was introduced two centuries ago by the French economist Jean-Baptiste Say to characterize a special economic actor-not someone who simply opens a business, but someone who "shifts economic resources out of an area of lower and into an area of higher productivity and greater yield." The twentieth-century growth economist Joseph A. Schumpeter characterized the entrepreneur as the source of the "creative destruction" necessary for major economic advances.
If you want to talk further about a relationship with Russia, look no further than the Clintons. As we've said time and time again, Bill Clinton was paid half a million dollars to give a speech to a Russian bank, and was personally thanked by Putin for it. Hillary Clinton allowed one-fifth of America's uranium to - reserve to be sold to a Russian firm whose investors were Clinton Foundation donors. And the Clinton campaign chairman's brother lobbied against sanctions on Russia's largest bank and failed to report it. If you want to talk about having relations, look no further than there.
The World Bank is the monopoly provider of poverty data and, partly due to a leadership change there, the World Bank's reporting has been heavily on the rosy side since about 2000. The Bank's cultivation of an upbeat picture affords a very interesting lesson in statistics and how you can, depending on which numbers you present and how you present them, create a more positive or more negative impression of the evolution of poverty.
If I'm president, I'll be a commander-in-chief, not an agitator- in-chief or a divider-in-chief, that I will lead this country in a way that will create greater security and greater safety.
I'm not currently into economic textbooks, but my grandchildren tell me that the book by Gregory Mankiw, former head of the white house council of economic advisers is a model of intelligence and clarity. Why not try that one.
[President Clinton] boasts about 186,000 people denied firearms under the Brady Law rules. The Brady Law has been in force for three years. In that time, they have prosecuted seven people and put three of them in prison. You know, the President has entertained more felons than that at fundraising coffees in the White House, for Pete's sake.
The New York Post quoted Senator Hillary Clinton saying that she would never run for President, declaring "That is not something I'm going to be doing. "Which in Clinton talk means "I will be President in three years.
The larger unit can borrow more easily in proportion than the smaller. It can especially tap bank credit more easily and bank credit is, to-day, the chief factor in economic activity of all kinds.
The industrial world enjoys a rare combination of growth and low inflation; the 'Washington consensus,' a model of economic development that emphasizes macroeconomic discipline and open markets, is being adopted by more countries.
If Reince Priebus is, in fact, the chief of staff and operating as chief of staff, he is the most important staffer the president Donald Trump has. And it is not unusual for a president to set up some competing power centers, as Ronald Reagan did, but there`s nothing like being the chief of staff, which has so much say over what the president reads, who the president sees, who`s the last person the president talks to before he makes a decision.
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