He only accurately predicted the housing bubble and subsequent crash, and is a well respected, priozewinning economist:
<http://www.politico.com/news/stories/0911/62847.html> I'M SURE Francis' gut knows better than Stiglitz! After all, truthiness trumps reality! When employees are cheap enough to hire, companies will just hire them, regardless of demand! When taxes are low enough, companies will just expand, regardless of demand! Lowering taxes on the wealthy invariably results in economic growth, regardless of any factual evidence to support it! It's not like the middle class has been beaten down for 30 years... Oh wait! <http://www.nytimes.com/imagepages/2011/09/04/opinion/04reich-graphic.html> It's not like actual investors are willing to loan the US money at negative rates of interest or anything... Oh wait! <http://delong.typepad.com/sdj/2011/08/treasury-real-interest-rates-now-negative-out-to-ten-years.html> -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
