Joseph Stiglitz is a Nobel-prize winning economist. He is also a former Chief Economist of the World Bank. He resigned / was forced out in 2000 because of his criticism of IMF and US Treasury policies in forcing "free-market fundamentalism" onto developing and emerging market countries in the 1990's. He has been a sharp critic … Continue reading Let Markets Be Markets
Day: March 17, 2010
Healthcare: Do It Because It’s the Right Thing To Do
The following is important enough to repeat in full from Krugman at Demons And Demonization. What I want to add is that the opponents of Healthcare Reform claim to be supporters of "liberty" and "free markets" and claim to be opposed to the "tyranny" of government involvement. Yet what is very clear (and this story … Continue reading Healthcare: Do It Because It’s the Right Thing To Do
“We do not expect substantial further declines in unemployment this year”
As I've feared, it looks like a long, slow recovery. For employment, it hardly looks like a recovery at all. Even if employmnent (# of jobs) grows by say 100,000 per month, that means no improvement in unemployment rate because population and workforce participation continue to grow. Also note the reference that inflation is NOT … Continue reading “We do not expect substantial further declines in unemployment this year”
EconProph 