Joseph Stiglitz on How the Iraq War Ruined the Economy

http://bit.ly/muYv47 - The Nobel prize-winning economist discusses the war's impact on global finance.

Category:

News & Politics

Tags:

• big
• economy
• iraq
• joseph
• stiglitz
• think
• war

[ImperialUSA]

Stiglitz was in a high position of the IMF. He knows what he is talking about when it comes to the economy. Whatever his political leanings, (and it is not clear from this video that he is even a leftist) he knows what he is talking about. And you are 19 and call people a douche bag and say things like America was the greatest country in human history. By what criteria? The fact that you live there? Grow a brain kid.

[FUZZYisBIG]

I certainly agree with oyur leftist critique... but the enormous spending of the Iraq war certainly could have been better used.

[ThePatcam]

@ezra106 wtf? oil prices didnt rise because of inflation, inflation rose because oil prices rose, among other things, and oil prices rose because the war made access and export of oil in the middle more costly. and gold has nothing to do with anything stiglitz is saying.

[Trisscarro]

overseas/foreign wars aren't a bad thing by default, but fought the way in Iraq and Afghanistan they are. the NATO coalition (IFOR) in Bosnia for instance. in that war the major deciding parties where the soldiers on the ground and Bosnian locals, so the people who actually understood the situation got to decide rather than politicians.

if we fought both the Afghan and Iraq war like that they'd be over in 4 years, fully independent after 2 more that and completely rebuilt another 3 after that.

[MMIIXX]

@ezra106 duh ...what caused the "inflation" ?

The Fed printing more and more money to finance the WARS of choice !

Are people getting stupider in the United States?

[xylfox]

China is the winner of this war,even if you substract the less exports to U.s.a.They spared ,U.S wasted trillions and invested them quite good.

[ezra106]

Oil didnt rise because of the war, oil rose because of inflation.

Gold rose EXACTLY the same as oil, but you can't say that gold has anything to do with war.

Inflation is the cause.

[MrJs1G]

What's a bit ironic to me about this analysis is that those who criticize the US for not owning up on Saudi Arabi's funding of Wahhabism (atrocious, I know) also criticize high gas prices, which are inevitable if relations tense.

Deal with one or the other, damn hypocrites.

[pretorious700]

@ImperialUSA A high position in the IMF just means he's an expert in subjugating people by monetary means. Yeah, he knows what he's talking about, and he's a part of the problem.

[NLbusiness]

@ImperialUSA World Bank, not IMF.

[kenny8331]

@ImperialUSA how did the price of oil hurt the housing market and predatory lending?

[Ezzedeen01]

@pkinneyis1337

I was responding to a user that referred to Mr. Stiglitz as a Douchebag for no reason than criticizing the wars.

Youtube at the time didn't have automatically put the username of the person you were replying to