Wednesday, August 05, 2009

Stiglitz: Stiglitz Messed Up

Nobel-prize winning economist Joseph Stiglitz has come out saying that economic recovery will be very, very slow. Funny that, given that the economist that had the most intellectual influence on the "stimulus" bill that is flopping was...Joe Stiglitz. What were Big Joe's big ideas at the time? Unemployment benefits, aid to states, and giveaways to low income families. What did we get for stimulus? Mostly unemployment benefits, aid to states, and giveaways to low income families. How's it going? Hey, even Joe himself musn't think too highly of his policy progeny given his gloomy prognosis.

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