Stiglitz on the Economy

Depressing … True … But Depressing

The Nobel Prize winning economist has been in opposition to the general economic/political religion consensus that efficient markets will save us all.

This is rather lengthy, 1:06:10, but this is clear and relatively easily understood talk on why the great crash occurred, and what needs to be done.

It is a blistering indictment of both the financial regime, and the state of affairs in economics as an academic institution.

The man is brilliant, and he understands how the conventional wisdom is wrong, and so, he will never get a phone call from the Obama administration.