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[Open Left - Front Page] Open Left:: Economic policy made simple: Amy Goodman interviews ...: Stiglitz was commenting on how the people who contend that we ought to let the banks handle this of course have a self-interest in doing so, because they are the ones who got us into this mess.  Stiglitz initially said, "Well, you know who they are."  But, Amy pushed a bit:  "No, you tell us."  Stiglitz of course went on to name Geithner and cited his role at the New York Fed, then went on to castigate Lawrence Summers for helping to ensure that derivatives would remain completely unregulated.

[Firedoglake] Nobel Winner Stiglitz: Second Stimulus Needed | MyFDL: The yet-to-be-born are paying for the huge fast-track deficit to China, they’re paying for Bush’s inexcusably stupid wars Iraq & Afghanistan, you’re paying with an indolent, underutilized workforce that can’t pay income tax without income, you’re paying for Health Insurance cartels,you’re paying with high credit card interest rates from deregulated creditors, etc, etc.

[GlobalResearch.ca] How the Iraq and Afghanistan wars are crippling the US economy: The long-term costs of the conflicts in Iraq and Afghanistan will be higher than previous wars because of higher survival rates, greater incidence of PTSD and other mental-health disorders. Additionally, a higher percentage of veterans are claiming disability benefits, and far more veterans have served multiple tours of duty.

[Sox First] Sox First: Iraq War created the global financial crisis: Stiglitz: Paying foreign contractors working in Iraq was neither an effective short-term stimulus (not compared with spending on education, infrastructure or technology) nor a basis for long-term growth. Instead, loose monetary policy and lax regulations kept the economy going - right up until the housing bubble burst, bringing on the economic freefall."

[FPIF Regions: Middle East & North Africa] Foreign Policy In Focus | Election Was Missed Opportunity to ...: Stiglitz and Bilmes estimate the total cost of these wars, including medical care for veterans, will be between 4 and 6 trillion dollars. These numbers make the bank bailout, estimated at $350 billion (most of which has already been recovered), and Obama’s recent stimulus, which was trimmed to just $34 billion, look like pocket change.

[HKS News] Harvard Kennedy School - How the Wars Are Sinking the Economy: The long-term costs of the conflicts in Iraq and Afghanistan will be higher than previous wars because of higher survival rates, greater incidence of PTSD and other mental-health disorders. Additionally, a higher percentage of veterans are claiming disability benefits, and far more veterans have served multiple tours of duty.

[Eslkevin's Blog] Should I go back to Kansas, Toto? « Eslkevin's Blog: The attack on the federal reserve is another story.  However, I believe that Nobel Prize Winner, Joseph Stiglitz and Michael Hudson, the president of the Institute for the Study of Long-Term Economic Trends””and author of Super Imperialism: The Economic Strategy of American Empire, tell the story of the Federal Reserves bad behavior better than Kiyosaki –and the unnamed authors on Gold Sales websites. Moreover, under Clinton, under W.

[Mises Economics Blog] Stiglitz: “We Cannot Afford Austerity” ”” Mises Economics Blog: “According to the IMF’s recent report, out of 170 cases they can count 2 where austerity has not made matters worse, Denmark 1983, Ireland 1987. So at least in so far as “a gamble with almost no potential upside” implies “something that hasn’t ever worked before”, things work very much the same over at Stiglitz’s place.”

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