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« Update: Dodd 'very optimistic' he can get reform passed | Main | Bailout Anger Undermines Tim Geithner (WSJ Profile) »
Tuesday
Feb232010

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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Reader Comments (5)

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
Feb 23, 2010 at 4:28 PM | Unregistered CommenterDB's Ignored Conscience
Thanks for the link. I still I don't like YOU tho.

Altho I'm not completely sure yet.

;-)
Feb 23, 2010 at 9:35 PM | Unregistered CommenterRecoverylessRecovery
Thanks for the link. I still THINK I don't like YOU tho.

..oopsy
Feb 23, 2010 at 9:36 PM | Unregistered CommenterRecoverylessRecovery
I am too cool for high school, that's why.
Feb 23, 2010 at 11:08 PM | Unregistered CommenterDB's Ignored Conscience
That's why you skipped it?
Feb 23, 2010 at 11:45 PM | Unregistered CommenterRecoverylessRecovery

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