Wednesday, February 25, 2009
Stiglitz on the financial crisis and the Obama administration's plan
Nobel laureate Joseph Stiglitz appeared on Democracy Now to discuss his views on the Obama administration's financial bailout in the U.S. and U.S. foreign policy. It is a very interesting interview in which Stiglitz expresses some of his ideas on competitive markets (and their role in the financial crisis), the importance of (stimulating) aggregate demand, and the importancei n addressing regulatory and structural flaws in the U.S. economy. Near the end of the interview he also discusses globalization.