Stiglitz: Real unemployment is greater than 20% (VIDEO)

Video:  Joseph Stiglitz Discusses U.S. Stimulus, Greece's Debt Crisis -- Feb. 17, 2010

Joseph Stiglitz, Nobel Prize-winning economist and a professor at Columbia University, talks with Bloomberg's Margaret Brennan about the need for additional U.S. stimulus targeting job creation, the role of U.S. banks in the global financial crisis and Greece's debt problems.

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Stiglitz is partially right.  Any stimulus must be highly focused on job creation; the problem is devising a program that actually works.  Brennan provides some entertainment half-way through the clip when she challenges the Nobel Prize winner on Keynesian incentives.

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(Screenshot...video is above)

Comments

[DB's Ignored Conscience]

Stiglitz is not only boring but wrong most of the time. After watching this video, tell me what you think of Stiglitz. He is put in his place as nothing but a thinker not a practitioner.

http://www.thefinancialtube.com/video/7547/Euro-currency-crumbling-part2-09Feb10

[RecoverylessRecovery]

Thanks for the link. I still I don't like YOU tho.

Altho I'm not completely sure yet.

;-)

[RecoverylessRecovery]

Thanks for the link. I still THINK I don't like YOU tho.

..oopsy

[DB's Ignored Conscience]

I am too cool for high school, that's why.

[RecoverylessRecovery]

That's why you skipped it?