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Stiglitz: Temporary Bank Nationalization Necessary

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pissoff Avatar
pissoff
Posts: 1
Posted: 01.06.10, 06:06 PM
Stiglitz > "Think about... uhh, yeah, uh, fast thinking... ehmm, uh, when uhh,uh, but, but nobody tho... uh uh uh uh uh uuuuuhhhhhhh... but tax cuts uhh, uh, well! uh, the multipliers, are, are, are uh, uh, will... hmm uh, uh, uh?"

Arg!!, terrible speaker!!.
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bajawind Avatar
bajawind
Posts: 6
Posted: 07.01.09, 10:44 PM
brilliant man ...uh, uh, uh, uh, uh...
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Vasil Avatar
Vasil
Posts: 46
Posted: 07.01.09, 12:21 PM
Professor Stiglitz makes an interesting point on the interdependence of the global economy. How fair is it for the US to be responsible for keeping the global economy from sinking by spending beyond its means, but more importantly, how fair is for the rest of the world to suffer from the economic recession when US is unable to spend enough? The only way to break free from this vicious cycle is to reform global financial institutions such as WTO, IMF and World Bank to allow greater representation and participation from the rest of the world. Joseph Stiglitz has a great book on this issue:”Globalization and Its Discontents”
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TreeLuvBurdpu Avatar
TreeLuvBurdpu
Posts: 43
Posted: 04.30.09, 02:04 AM
The governments stimulous package didn’t take into account the possibility of a natural disaster even though we have one every few years.
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TreeLuvBurdpu Avatar
TreeLuvBurdpu
Posts: 43
Posted: 04.30.09, 12:42 AM
Don't think the fact that it's not working lead you to believe they will rethink their plans. The addict binges and needs more but the drug he is taking is hurting him. But they will hit the crack pipe of cash. And they will chase the dragons tail.
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