Here is nice Joseph E. Stiglitz’s diagnosis and treatment to the sick manic depressive gloomy desultory world economy to the leaders.
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The prescription for what ails the global economy follows directly from the diagnosis: strong government expenditures, aimed at facilitating restructuring, promoting energy conservation, and reducing inequality, and a reform of the global financial system that creates an alternative to the buildup of reserves. Keep reading
You have to understand first what is wrong, sick man economy, without knowing what is wrong first place how you treat sick man? He says. Yes, well after all of this we don’t know who can be trust, who are the experts? Gurus are saying that the experts stuffed the things up so…, I am reading reading… try to make sense out of all of this.
