Tuesday, September 8, 2015

A Noble Prize Winning Economist Worse Than Paul Krugman

Joseph Stiglitz, a Nobel laureate in economics, writes at Project Syndicate:
[T]he call right now is not a close one. On the contrary, it is as close to a no-brainer as such decisions can be: Now is not the time to tighten credit and slow the economy.

Into my file for future reference this goes.



  1. He is a great fan of Venezuela style stagflation

    1. He's not an economist. He's a criminal.

  2. Within the context of central banking, it isn't a good time to tighten. They'll call it a policy mistake--and it is. But the more fundamental policy mistake is central banking.