Joseph Stiglitz' brand of socialism: a poetic response

[Spengler]

Joseph Stiglitz' brand of socialism: a poetic response on the Spengler Blog


by David P. Goldman


I propose a neologism, “to stiggle,” meaning to make uneconomic loans for political reasons, in honor of Nobel Laureate Joseph Stiglitz. If only we had nationalized the banks, he complains, we would have been able to force the banks to make uneconomic loans that they did not wish to take and that their borrowers did not wish to accept.

Apropos:

There was a professor named Stiglitz

Who said: “We need more room to wiggle. It’s

Fair for all pigs to eat.

We’ll just graft on a teat

So the sow can feed all of her piglets.”

[ethan_jin]

Stiglitz has made a lot of money from his books.