Tag Archives | Great Depression

File:Waiting for relief checks during Great depression.jpg

Is Joseph Stiglitz Serious?

In this month’s Vanity Fair renowned economist Joseph Stiglitz discusses important lessons economists should take from the Great Depression. The article is lengthy, but interesting if you have the time. Stiglitz, a Keynesian, gives the expected presentation: manipulating financial markets (monetary policy) is ineffective in combating recessions and we need greater government spending (fiscal policy)…
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