Stiglitz: Fed is chief culprit in financial crisis

 EmailPrint This Post Print This Post

Economist Joseph Stiglitz, professor at Columbia University, says the Federal Reserve bears the bulk of the burden for creating the financial crisis and has learned very little since then.

Source: Forbes, October 29, 2010.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

OverSeas Radio Network

2 comments to Stiglitz: Fed is chief culprit in financial crisis

  • If we realized this FRAUD excessive quantitative easing was going on for 30 years, 1 whole Generation and not just 3 years, we would stop it immediately. The only way the Global Economy can be rebalanced is by destroying a whole generation of Middle Class accustomed to the old way of Life.

  • Terry

    Stigletz is right but for the wrong reasons. The dude is a Keynesian economist who used to be with the World Bank. He believes in global regulation of economies not a free market. I find his comments to be way off the mark and frankly wonder how anyone could take a Nobel Prize seriously with winners like Stigletz and Obama.

    Look at the national debt clock on this page. $13.7 Trillion and running faster and now the Fed wants to pump another $900 Billion of worthless currency into the economy to further inflate a debt bubble that is over $43,000 per citizen? And these are our “experts”?

    The plan is to take down the U.S. and replace it with India and China as the manufacturing providers. The crashing of the dollar is their intent and part of their plan. This pumping up of the bubble with more fiat Fed notes fits right in. Soon massive inflation will take place and then the government will swoop in with even more regulations to save us all from the crisis they created through the inflationary Federal Reserve’s fiat notes.

    It ain’t gonna be pretty.

Leave a Reply

  

  

  

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Top 100 Financial Blogs

Recent Posts

Charts & Indexes

Gold Price (US$)

Don Coxe’s Weekly Webcast

Podcast – Dow Jones


One minute - every hour - weekdays
(requires Windows Media Player)
newsflashr network
National Debt Clock

Calendar of Posts

October 2010
MTWTFSS
« Sep Nov »
 123
45678910
11121314151617
18192021222324
25262728293031

Feed the Bull