Stiglitz: Only thing that can be done for economy now is fiscal stimulus
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Uploaded by goodboydc on Aug 30, 2011
Nobel economist Joseph Stiglitz was interviewed in Paris on Sunday August 28, 2011 by AMERICAblog's John Aravosis and Chris Ryan. In this segment, Stiglitz argues that a fiscal stimulus, i.e., spending more money, is the only effect thing the govt can do to help the economy in the near term.
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@goodboydc - Really? I think perhaps it is you and Mr. Stiglitz who could use a little education. My Ivy League education is telling me that there is no actual evidence that the Keynesian model has EVER worked, only evidence to the contrary. Govt inefficiencies make it impossible. Answer this: We spend another 6 trillion (make the debt a nice round 20trill), and it DOESN'T do what Stiglitz THINKS it will, & then interest rates go up a few points, what do we do then? It's elitist claptrap!
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1 de 3 Chomsky en Coloniaby lindamuchacha673 views
Your Ivy league education is a worthless piece of shit-you talk models, I talk reality. You Ivy league scumbags were the ones responsible for the fucking financial fiasco. And, if your Ivy league means anything, how are we to measure the performance of the Harvard president crushing their overblown endowment by 30 fucking percent. Go back to school and stay there. Types like you are fucking useless in the real world. Ivy is the last place to get any answers, but the first place to create problem
abortfailure7646 6 months ago
@abortfailure7646 Yes, the reason America is so screwed right now is that we rely too much on people with intelligence and education for our macro-economic policy and not enough on people who aren't as intelligent or educated. Right. Because I know for me, when I'm looking for an account, I always make sure it's the dumbest guy I choose, not the smartest. Because smart is bad in real Amurika.
Give me a break.
goodboydc 5 months ago
Unbelievable. The solution to debt is more debt?
jaimeoperez1 6 months ago
@jaimeoperez1 I know, it sounds confusing if you're not very educated.
goodboydc 6 months ago