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Nobel Laureate Joseph Stiglitz Slams Federal Reserve For 'Going Too Far, Too Fast' With Rate Cuts
Friday, September 6, 2024 - 9:05am | 516Nobel Prize-winning economist, Joseph Stiglitz, has called on the Federal Reserve to implement a major interest rate cut. Stiglitz accuses the Fed of worsening inflation by tightening monetary policy too quickly and excessively. What Happened: Stiglitz is advocating for a half-point interest rate...
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Nobel Laureate Joseph Stiglitz Warns 'Reelection Of Trump Would Be A Disaster'
Tuesday, May 7, 2024 - 5:52am | 635In a recent podcast episode, Nobel laureate Joseph Stiglitz voiced his apprehension about the potential consequences of a second term for President Donald Trump, asserting it would be detrimental to democracy and social justice. What Happened: Stiglitz, during his appearance on the “In the...
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A Trump Win Plunges US Into Constitutional And Economic Crisis, Soros Warns, Predicting Ex-President 'Will Be In Jail By Election Day 2024'
Saturday, August 26, 2023 - 8:49pm | 525Billionaire investor George Soros and a bunch of economists weighed in on the resounding support former President Donald Trump has among the Republican voter base. Soros See Brewing Crisis: Elections are decided by politics and the emotions aroused by political campaigns, and not by economic facts...
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Joseph Stiglitz Thinks Central Banks Have Paved Way Toward Recession: 'Their Friends On Wall Street' Won't Bear The Brunt
Monday, December 12, 2022 - 7:43am | 511Nobel laureate and prominent economist Joseph E. Stiglitz said in a tweet that central banks have deliberately set themselves on a path to cause a recession in the name of taming inflation. In his article that appeared on Project Syndicate, Stiglitz highlighted the fact that the monetary-policy...
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Nobel Prize Winner Joseph Stiglitz On The 'Dishonest' EU-Apple Tax Beef
Friday, September 2, 2016 - 10:07am | 275Joseph Stiglitz, a famed economist and Nobel Prize winner, is no fan of Apple Inc. (NASDAQ: AAPL) who was trying to avoid taxes in a "dishonest" way. Speaking to CNBC, the economist said the European Union was justified in slapping Apple with a $14.5 billion tax bill as the company...
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Stiglitz Sees A Split Euro As Europe's Fix
Thursday, August 18, 2016 - 8:54am | 666A split euro is the solution for Europe’s single currency. —Joseph Stiglitz. In an article published Wednesday, Nobel-prize winner Joseph Stiglitz tried to answer the question of what to do with the problems created by the euro — as the continent has been struggling for roughly...
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Nobel-Winner Stiglitz Quits Panama Papers Probe Citing Transparency Issues
Tuesday, August 9, 2016 - 4:44pm | 492Nobel Prize-winning economist Joseph Stiglitz was a part of the committee created to investigate Panama's financial system. The Panama Papers scandal was a leak of millions of documents from law firm Mossack Fonseca containing information about some of the world’s richest people...
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More Stimulus, Not Austerity: Stiglitz
Wednesday, June 30, 2010 - 3:27pm | 220Nobel Laureate and prominent economist Joseph Stiglitz told CNBC Wednesday that governments need to focus on stimulus rather than austerity in order to keep businesses spending and the economy growing. Stiglitz said, "We have to get the economy going before firms are going to invest. There is an...
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Stiglitz Says US Should Have Nationalized Its Banks
Monday, November 2, 2009 - 3:33pm | 183Nobel Prize winning economist Joseph Stiglitz said at an economic conference in Shanghai, China, that the US government should have nationalized its banks if it were to avoid the recent financial crisis. Small businesses are not able to get loans because the banks are over-correcting and not...