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Nobel Prize-winning economist Joseph Stiglitz: Fed rate hikes didn’t get at source of inflation
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Comments 32
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Stiglitz soft peddles socialism.
Total grifter.. another faux intellectual
Stiglitz sounds confused. The average person has a better understanding of what is occurring in this economy than Stiglitz.
I was advised to diversify my portfolio among several assets such as stocks and bonds since this can protect my portfolio for retirement of about $150k. I want to know: Do I keep contributing to my portfolio in these unstable markets, or do I look into alternative sectors?
The master race. One of three careers….Law, finance or government job.
REALLY??????? NOT MONEY PRINTING???????????? Nobel Peace Prize winner for sure, and professional Liar.
QE and ZIRP for ten years distorted the economy.
Oh, so the "inflation explosion" act worked? Lol
Can you believe this tool says 4% inflation is AOK? Screw you rich guy.
Government funded nothing. Government produces nothing so it can not fund anything.
The citizens of the United States funded all this crap.
It was not consensual, and it did not benefit the citizens as a whole. 7:15
Inflation is not “good for an economy”. It is only good for the government. It is not good for the people. 5:00
The FUD (fear uncertainty doubt)on icp is ramping up lately…seems like a signal to load up more icp because the fus us designed to suppress price until the big buyers fill their bags first.
He thinks the experimental injections saved people. Enough said, he is either a globalist or an NPC. Not surprising for a professor.
The nobel prize has become a complete joke
Stiglitz is correct stating that the FED overplayed their hand……
De-dollarization is started by China. America is busy in its social engineering programs and inviting mass migration and crime…It has become its own enemy within. It became a laughing stock of the world right now, losing its exceptionalism!!
Oh Professor, how can you be so clueless?! INFLATION IS A TAX ! …. that takes income and assets from the poorer and redistributes it to the richer, and all this without any government intervention. Isn't this wonderful …?
so larry summers was wrong?
These economists are clueless and got us into this mess.
It’s all a lie and a scam.
Buy Bitcoin and save yourself.
Jo is out of touch with reality
Capitalism prefers the rights of the exploiter over the rights of the exploited. Exploiters of the world unite. Come to America and have at our huddled masses. Unlimited copyright and patent protections. All our contracts are of the finest print. No where else is better for business.
No mention of the trillions of dollars that the government has recently printed out of thin air. Milton Friedman is rolling in his grave.
Billionaire's are winning under Biden at the expense of the Middle Class.
Only talking about interest rate and zero talk about government spending. 🙄 not credible
This dude is an idiot, spend too much time in a classroom and on government jobs
AI? Green movement? None of that is happening
Did this guy just say 4% y/y compounding inflation wouldn’t matter. Bro is everyone in economics and finance have like half the IQ of your avg stem major 😂
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Tell the Nobel Prize scholar it's not hard for wages to fall; When people are out of work and need money, they take any work they can get! Our government's policies and practices will make that happen! We don't need Nobel Prize scholars to explain that to us. Anybody with Common Sense can figure that out on their own! Incidentally, Thomas Paine wrote something called "Common Sense 200+ year ag0. Perhaps, It should be required reading before our politicians take office!
Stiglitz, the same guy who backed Venezuela’s economic policies when Chavez was in power, wouldn’t trust him even with a lemonade stand
It's actually pretty simple folks! As our debt loads continue to increase; We stifle our ability to grow our economy and our GDP declines ! Japan has been in a depression since 1989 and finally (after 34 years) is breaking even. I submit that the US has been in a depression since 2007 (a depression is when your growth is depressed and continues to decline) with our GDP in a downward spiral since then. Sorry to break the news to you!
Jerome Powell is treated like a financial wizard by the MSM when in fact he has been a n abject failure in his duties at the Fed. Powell will likely decide who wins in November by keeping interest rates too high for too long.