Joseph Stiglitz: The Warren Buffett of Economics

This guy is my Superhero of economists. A Nobel Prize winner. professor and chairman of more thinktanks than I can name. And he doesnt comment publicly unless some serious 💩 is going down. I recommend people watch and listen. Its fairly basic stuff..😷
[media=https://youtu.be/cvZeRav-2CY]

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newjaninev2 · 56-60, F

He says that confidence in the US economy will erode - that has already happened.

It’s already as if some parents were allowing their very young children to run the household finances, and now they’ll need to simply accept whatever their children tell them is happening… right until the bank takes the house.

whowasthatmaskedman · 70-79, M

@newjaninev2 And that is one of the better outcomes possible.. One of the worst is you end up with an economy like North Korea..😷