We're More Strict With Our Poor Than With Our Banks

[Crewleader]

HuffPost Interviews Joseph Stiglitz: 'We're More Strict With Our Poor Than With Our Banks'


Ryan McCarthy First Posted: 01-20-10 08:47 AM


During the economic turmoil of the last few years, Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz has been one of the most strident and incisive critics of the historic bailout of the banking sector.

Never one to mince words, Stiglitz, who served as the Chief Economist at the World Bank and on President Clinton's Council of Economic Advisers, has said the meltdown has resulted in a kind of "ersatz capitalism" in America. He has also repeatedly called for a second round of fiscal stimulus to support struggling Americans.

We recently sat down with Professor Stiglitz to discuss his new book "Freefall: America, Free Markets And The Sinking of The World Economy", and how the Obama administration should go about reshaping our economy.

With so much talk of a recovery, where is our economy right now?

http://www.huffingtonpost.com/2010/01/20/joseph-stiglitz-interview_n_429437.html?source=patrick.net

[phantom power]

1. That is a fairly logical consequence of equating wealth with virtue.