joseph stiglitz

Economist Joseph Stiglitz: Put Corporate Crooks in Jail

In an interview, the Nobel Prize winning economist decries the institutionalized system of skewed incentives that allowed Wall Street bankers and other corporate execs to gamble with the country's wealth, and then get away largely scot-free. What happened to "with justice for all," he asks.

Fed's Hoenig Warns Against Further Monetary Action

Kansas City Federal Reserve President Thomas Hoenig broke ranks with some of his fellow regional Federal Reserve executives Tuesday, warning against further monetary action as a way to spur economic activity.

Chicago Fed's Evans Pitches Monetary Action While Economist Stiglitz Warns Against It

Federal Reserve Bank of Chicago President Charles Evans proposed further monetary action on the part of the Federal Reserve, including purchasing more Treasury bonds to cut the cost of borrowing, while lowering his forecast for U.S. economic growth, the Wall Street Journal reported. Meanwhile, Nobel Prize winning economist Joseph Stiglitz warned against such a policy, saying that monetary action would wreak havoc on the foreign-exchange markets, according to Reuters.

Europe's Debt Crisis: Here We Go Again?

Europe's shakiest economies managed to ride out a sovereign debt crisis this spring with a lot of help from their more stable neighbors and the major central banks. But with global recovery faltering, the data coming out of Europe suggests we may soon see a replay of the debt default crisis.

Stiglitz Calls for More Government Spending, Debt

Nobel Prize winner Joseph Stiglitz says the U.S. government needs to borrow even more money for additional stimulus, and it needs to do so now. Stiglitz argues that additional spending would pay for itself over time if done prudently.

'Too big to fail' distorts capitalism

Columbia University Economics Professor Joseph Stiglitz does not obfuscate, not when it comes to free markets, the global financial crisis, or...