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Nobel Laureate Joseph Stiglitz on “Rewriting the Rules of the American Economy” (Video)

Renown economist Joseph Stiglitz reveals the manipulations of the American economy that have resulted in financial hurt for most citizens. “America has more inequality than any other advanced country. Why is that? It’s because of the way we’ve written the rules.”

Balance needs to be restored. Stiglitz is on it.

As presidential candidates spar over economic policies and Congress debates the TPP, one of the nation’s leading economists is calling for a comprehensive overhaul of the U.S. economy. Nobel Prize-winning economist and Columbia University professor Joseph Stiglitz has just published a new book called “Rewriting the Rules of the American Economy: An Agenda for Growth and Shared Prosperity.”

— Democracy Now!


About the author

JoAnn Chateau

JoAnn Chateau likes progressive politics and loves the canines. She sometimes writes fiction about Chester (the Alpha Bichon) and his friends -- with a dash of humor and dab of Poli-Sci. JoAnn's views and insights are tinted by her past profession in Counseling, Christian theological studies, and Library and Information Science training. Retired now, JoAnn enjoys the creative life.


  • The full title of Stiglitz’s new book is Rewriting the Rules of the American Economy: An Agenda for Growth.

    Growth? I guess I’m a little disappointed that he’s still advocating for growth at a stage where the pressure for unlimited economic growth has put the planet on the verge of ecological collapse. More visionary economists are calling for the end to unlimited growth and a transition to a steady state economy.

    I’m also disappointed in Sanders. Changing the tax system and raising minimum wage is just tinkering around the edges. None of this will make any difference unless we ban private banks from creating debt-based money out of thin air and return control of our monetary system to the public.

    When money can only be created as debt, the only way to repay that debt is through constant economic growth. By returning to public banking and debt-free money, there’s no need for continual economic growth.

    I’m sure both Sanders and Stiglitz know all this (at least I hope they do). What a pity neither of them is courageous enough to come out and make this central to their economic policy.

    It’s also a great pity that Amy Goodwin has never had Ellen Brown or other public banking advocates on her show. I suppose that has a lot to do with the left gatekeeping foundations who fund Democracy Now.

  • That was a great post, JoAnn. They know what the problem is and so do we. Now does anyone have the cajonies to fix it?

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