1/8/10

Interesting comments from a famous economist

News. Jan. 8 (Bloomberg) -- Barack Obama ran for president on the promise of “Change We Can Believe In.”

When it comes to the financial crisis, he has instead “only slightly rearranged the deck chairs on the Titanic,” writes Joseph E. Stiglitz in “Freefall,” his unsparing new account of the meltdown and its aftermath.

Stiglitz, a Nobel Prize-winning economist, is perhaps the closest thing we have to John Maynard Keynes.

My point. We have bigger banks, more government, soaring deficits, more wars (Yemen) and an economic still on the brink of disaster. Was this the change we were promised and hope for?

George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest

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