William Easterly Quote
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Savers have to be punished so debtors can be saved.Why? Because if debtors are rescued, that makes it possible for more debts to be issued in the future.And why is that important? Because the banking...
Chris Martenson
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banking, banking system, banks, corrupt, corruption, debt, debtor, economics, economy, finance
About William Easterly
William Russell Easterly (born September 7, 1957) is an American economist, specializing in economic development. He is a professor of economics at New York University, joint with Africa House, and co-director of NYU’s Development Research Institute. He is a Research Associate of NBER, senior fellow at the Bureau for Research and Economic Analysis of Development (BREAD) of Duke University, and a nonresident senior fellow at the Brookings Institution in Washington DC. Easterly is an associate editor of the Journal of Economic Growth.
Easterly is the author of three books: The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics (2001); The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (2006), which won the 2008 Hayek Prize; and The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (2014), which was a finalist for the 2015 Hayek Prize.
Easterly is the author of three books: The Elusive Quest for Growth: Economists’ Adventures and Misadventures in the Tropics (2001); The White Man’s Burden: Why the West’s Efforts to Aid the Rest Have Done So Much Ill and So Little Good (2006), which won the 2008 Hayek Prize; and The Tyranny of Experts: Economists, Dictators, and the Forgotten Rights of the Poor (2014), which was a finalist for the 2015 Hayek Prize.