Unfortunately, he and all the other deficit doves still can’t refute, and thereby tacitly support, the notions that include ‘we have to borrow money from China to pay for it.
So, while probably right on the prognosis, he remains part of the problem rather than part of the answer as The 7 Deadly Innocent Frauds continue to take their toll.
Stiglitz Warns US Economy May Contract Next Year
Nobel Prize-winning economist Joseph Stiglitz warned there’s a “significant” chance the U.S. economy will contract in the second half of next year, and urged the government to prepare a second stimulus package to spur job creation.
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