Nobel Prize Winning Economist, Joseph Stiglitz, Says, “This is a different kind of crisis than normal crises. It’s just not a problem of aggregate demand,” CNBC

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(Wikipedia) “Joseph Eugene Stiglitz (/ˈstɪɡlɪts/; born February 9, 1943) is an American economist, public policy analyst, and a professor at Columbia University. He is a recipient of the Nobel Memorial Prize in Economic Sciences (2001) and the John Bates Clark Medal (1979).[2][3] He is a former senior vice president and chief economist of the World Bank and is a former member and chairman of the (US president’s) Council of Economic Advisers.[4][5] He is known for his support of Georgist public finance theory[6][7][8] and for his critical view of the management of globalization, of laissez-faire economists (whom he calls “free market fundamentalists“), and of international institutions such as the International Monetary Fund and the World Bank.” Read more

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