[gondramB]

it's sad that the world has come to the point where my first thought wasn't "wow, that's a lot of money" nut instead was "I wonder what the economists political affiliation is?"

[Riley]

The minute I saw 'Nobel Prize', that issue was settled. I immediately think of 'Tookie', the Nobel nominee.

[RicocheT]

Well, how much does it cost to clean up after Iran or North Korea blows up a couple of US cities? Wasn't the bill for the Pentagon and the NY Trade Center pretty high?

Should we just sit here with the covers over our heads and hope the Islamic Jihad takes a 10 or 15 year break from terror? Maybe if we offer them some free Starbucks franchises they will like us and call the whole deal off.

[NormsRevenge]

see post 11 and 16

Clintonoids.

Columbia and Harvard

nuff said.

[pierrem15]

The study, which expanded on traditional estimates ..."

In brief, the economist bull---tted the estimate more than usual to generate another misleading headline.

[Bernard Marx]

my first thought wasn't "wow, that's a lot of money" nut instead was "I wonder what the economists political affiliation is?"

Me too -- and here it is. From this it appears the Clinton Admin. wasn't liberal enough for him so he's set off on his own (with a comfortable income from good ole Columbia U.) to make as much trouble for Bush as he can.

Joseph E. Stiglitz is especially well-known as a critic of the reigning international economic policies and the institutions that enforce them – the International Monetary Fund, the World Bank and the United States Treasury Department. After a distinguished academic career on the faculty of MIT, Yale and Stanford, Stiglitz joined the Clinton administration in 1993 as member of the Council of Economic Advisors.

He later was named the Council’s Chairman. In 1997 he took the post of Senior Vice President and Chief Economist at the World Bank. Though a consummate political insider, Stiglitz grew increasingly disillusioned with the failures of neo-liberal policy and began to voice his thinking in public speeches. Increasingly outspoken, he eventually was ousted from his World Bank post, allegedly on orders from US Treasury Secretary Larry Summers.

Since leaving the bank, Stiglitz has sharpened his criticism further, making embarrassing revelations about the role of the IMF in the Russian loan scandal, among other things. In mid 2001, he joined faculty of Columbia University and on 10 October 2001, it was announced that he would be awarded the Nobel Prize in Economic Science.

[FreeReign]

it's sad that the world has come to the point where my first thought wasn't "wow, that's a lot of money" nut instead was "I wonder what the economists political affiliation is?"

In order for one to determine if it's a lot of money one needs to determine if the source is telling the truth. One part of determining the truth may be to determine the sources political affiliation.

I find it sad when one doesn't question the legitimacy of an economist and the factual content of what the economist is saying.