Joseph Stiglitz

Why Every European Country Has A Trump Or Sanders Candidate

As Europe since the end of World War II has slipped ever more securely into the orbit of American military and economic power, it is only to be expected that the Atlantic Community will be increasingly homogeneous..."America is here already. We have our millionaires and people are dying of hunger."

The Secret History Of The Banking Crisis

"Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for?"

Meet The 22 Economists That Want To Kill Your Purchasing Power

After the Fed failed to spark any notable increase in aggregate demand despite keeping interest rates at zero for seven years, a group of economists is pressuring the central bank to rethink one of its most closely held-policy parameters...  

 

Actions Have Consequences! Ask Venezuela

in 2011, Bernie Sanders wrote: "These days, the American dream is more apt to be realized in South America, in places such as Venezuela." Sanders had no idea what was really going on in Venezuela. Actions have consequences. In public policy, it is impossible to say what the consequences will be. There are too many delusions and too much smoke.

What Nassim Taleb Can Teach Us

Nassim Nicholas Taleb does not suffer fools gladly... "we are increasingly ruled by an intellectual, political, economic, and cultural elite that does not bear the consequences of the decisions it makes on our (unwitting) behalf..."

GoldCore's picture

the common currency and the Eurozone itself will not survive the financial and political turmoil already besetting the European monetary union and set to deepen in the coming months and years.

Socialism, Not Oil, Is The Cause Of Venezuela's Problems

Venezuela’s economy has collapsed. Unfortunately, most people mistakenly believe Venezuela’s policies created a successful economy prior to the collapse in oil prices. The truth is that Venezuela’s socialist policies held back its economy during the oil boom and are the direct cause of its economic collapse today.

Nobel Prize Winner Tells Davos' Elite, US Should "Get Rid Of Currency"

Half a world away at the World Economic Forum in Davos, Switzerland, Nobel Laureate economist Joseph Stiglitz made remarks earlier this week that the US should "get rid of currency." Physical cash means there is no one else standing between you and your savings. But Professor Stiglitz and his colleagues don’t want that. They want a massive, centralized bureaucracy to have control over your savings.

Weekend Reading: Anticipation

“Stock market bubbles don’t appear out of thin air. They have a basis in reality. But that reality is distorted by misconception..