Alex Jones Show_Joseph E. Stiglitz:A 3 Trillion $ Problem p2

http://www2.gsb.columbia.edu/faculty/jstiglitz/index.cfm
http://www.infowars.com/
Joseph E. Stiglitz was born in Gary, Indiana in 1943. A graduate of Amherst College, he received his PHD from MIT in 1967, became a full professor at Yale in 1970, and in 1979 was awarded the John Bates Clark Award, given biennially by the American Economic Association to the economist under 40 who has made the most significant contribution to the field. He has taught at Princeton, Stanford, MIT and was the Drummond Professor and a fellow of All Souls College, Oxford. He is now University Professor at Columbia University in New York and Chair of Columbia University's Committee on Global Thought. He is also the co-founder and Executive Director of the Initiative for Policy Dialogue at Columbia. In 2001, he was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information.
Stiglitz was a member of the Council of Economic Advisers from 1993-95, during the Clinton administration, and served as CEA chairman from 1995-97. He then became Chief Economist and Senior Vice-President of the World Bank from 1997-2000.

Stiglitz holds a part-time appointment at the University of Manchester as Chair of the Management Board and Director of Graduate Summer Programs at the Brooks World Poverty Institute.

Stiglitz helped create a new branch of economics, "The Economics of Information," exploring the consequences of information asymmetries and pioneering such pivotal concepts as adverse selection and moral hazard, which have now become standard tools not only of theorists, but of policy analysts. He has made major contributions to macro-economics and monetary theory, to development economics and trade theory, to public and corporate finance, to the theories of industrial organization and rural organization, and to the theories of welfare economics and of income and wealth distribution. In the 1980s, he helped revive interest in the economics of R&D.

His work has helped explain the circumstances in which markets do not work well, and how selective government intervention can improve their performance.

Recognized around the world as a leading economic educator, he has written textbooks that have been translated into more than a dozen languages. He founded one of the leading economics journals, The Journal of Economic Perspectives. His book Globalization and Its Discontents (W.W. Norton June 2001) has been translated into 35 languages and has sold more than one million copies worldwide. Other recent books include The Roaring Nineties (W.W. Norton), Towards a New Paradigm in Monetary Economics (Cambridge University Press) with Bruce Greenwald, Fair Trade for All (Oxford University Press), with Andrew Charlton, and Making Globalization Work, (WW Norton and Penguin/ Allen Lane, September 2006). His most recent book, The Three Trillion Dollar War: The True Cost of the Iraq Conflict, with Linda Bilmes of Harvard University, was published in March 2008 by WW Norton and Penguin/ Allen Lane.

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[cv1122]

YES defense contractors & & oil co's are the only ones profiting from the rest of the world's blood and money....we're selling our soldiers out to be the world police. yeah you're right Mr. Stiglitz...anger is rising. People please pay attention - Obama, Clinton, NOR McCain can handle this... Ron Paul NOW

[Slavesrevolt]

The banksters and other crime families running this planet are all in it for the money.

We are nothing but human resources.

They decide who lives and who dies, where the bombs fall and who makes the bombs.

[johnnyhaxor]

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[derrobb]

currency speculators look at currencies with central banks pedlling higher rates more favourably. For example - iceland - problem is when they bail out, floods the market with excess funds- decreases the price - inflationary worries are worrying holders of U.S dollars, combined with low rates - devaluation. Thus rumours suggesting the fed raising rates would and did bring some momentary stability.

[Slavesrevolt]

Capitalism is a dead end street Alex.

Think of the world as an apple. Capitalism eats the apple until there is nothing left but a rotten core that can no longer support any life.

It's all just part of the pyramid scheme. Taxes and wealth all flows up the pyramid to the world monarch running the planet.

[alabasteroldsoul]

This guy says that the recent dollar rally was due to rumors that the ECB was going to raise interest rates? Can someone please explain this logic to me...wouldn't the dollar fall even more against the Euro on such rumors?

[mykeepsakevideos]

Please watch