About author
- Author's profession: Public Servant
- Nationality: american
- Born: March 19, 1925
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Overborrowing or overlending? Lenders encourage indebtedness because it is profitable. Developing country governments are sometimes even pressured to overborrow ... Even without corruption, it is easy to be influenced by Western businessmen and financiers ... Countries that aren't sure that borrowing is worth the rist are told how important it is to establis a credit rating: borrow even if you really don't need the money.
Joseph Stiglitz
This clockwork twin of mine halted before me, her bowels churning out a settecento minuet, and offered me the bold carnation of her smile. Click, click--she raises her arm and busily dusts my cheeks with pink, powdered chalk that makes me cough; then thrusts towards me her little mirror.
Angela Carter