Posted on 09/14/2016 2:30:41 PM PDT by Sir Napsalot
Nobel Prize-winning economist Joseph Stiglitz says a Donald Trump presidency would be a "nightmare", but that it is unlikely to happen. He also speaks about the reasons Trump has so much support: "If you look at the numbers, roughly the bottom 90% have had stagnant income over the past quarter of a century. and we've been trying to understand why has that been. And it is, I think partly because we haven't paid attention to the issue."
"Fortunately, I'm not having too many sleepless nights, because I think the probability of [a Trump presidency] happening is not very large," he said. "I think it would be extraordinarily difficult with our relations with other countries -- our economic relations and our foreign policy relationships. Building that wall between Mexico and the U.S. is building a wall between the U.S and Latin America. It has done more damage already than one could imagine. For our economy, I think the uncertainty of this political leader who clearly has no deep understanding of economics other than how to go bankrupt. And we could only hope he won't bankrupt the country."
(Excerpt) Read more at realclearpolitics.com ...
Bankrupt the county? We are already past that point.
Economics has been called “the Dismal Science!” Except I find it lacking a lot in the terms of ‘science’.
Whats Next, you gonna start picking on Astrologers as Not being Real Scientists?
Yeah , they already gave a Nobel prize to "Zippy" for talking well off a teleprompter
and making promises that he never intended to keep.
Joseph Stiglitz, Nobel prize winner is the chief economist for the World Bank - he's a freakin GLOBALIST !!
who preaches all about world economic inequities
like Greece , Spain, Venezuela.
No wonder he and the other Globalists are running scared about someone who means what he says, and says what he means.
The only bankruptcy would occur if the World Bank and IMF pulled the plug; but they never were worried while Zero doubled the US Debt.
Hypocrisy much ?
Paul “Alien Invasion” Krugman, and apparently the same goggle-eyed Nobel committee.
So much wrong with what he says. He says that globalization increases the size of the pie, but we need to change market rules so that everybody gets a little more of the pie. Who is he talking about? American workers? They’re the ones that have lost their pie to multinational corporations and workers overseas, which is what Trump says, and Trump also says we need to improve trade deals, or as this guy says, market rules.
I think this guy wants to give more of the pie to other countries.
This stiglitz idiot must have a mis-shapen head. What a fool.
Flooding the country with slaves willing to accept lower wages, might have something to do with wage Stagnation, f-ing Idiot.
He’s a Keynesian clintonite
Just another Bolshevik!
Ok. this guy is a retard. A Trump presidency is unlikely to happen, and yet he concedes that Trump has a lot of support.....make up your mind, you twat.
I remember when the asked Reagan why he didn’t have economists among his advisers
He said I have self made millionaires why do I need economists
You shut your F***ing mouth! If you didn't scream bloody murder about the ignorant idiot running the debt up to 20 trillion, you need to just zip it.
I hear they give those Nobel thingies to just about anybody these days who is of the correct political persuasion.
I learned on a good economics forum that economists are full of Mitt.
An economist with the Mitt beaten out of him... :)
Liar.
News flash Mr. Stiglitz a country 20 trillion dollars in debt is already bankrupt.
Bankrupt the country? - Trump seems serious about bringing that trillion or so parked overseas by various US corporations back home - that should go a long way toward avoiding bankruptcy.....
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