Nobel Prize winning economist Joseph Stiglitz explores the current financial system and the damage done to the economy due to that system. As he states in the video the credit crisis is not something that happened to the financial institutions. The credit crisis caused recession is something the financial sector did to us.
He covers the topics he discusses in the video in his new book: Freefall
Related: There is No Invisible Hand – Failure to Regulate Financial Markets Leads to Predictable Consequences – Market Inefficiencies and Efficient Market Theory – Congress Eases Bank Laws (1999) – Volcker on the Great Recession and Need for Reform
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[…] behind by an additional 185,000 jobs. Still getting out of the huge monthly declines caused by the irresponsible too big to fail institutions has been a huge effort and it is frankly amazing we have done this […]