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Notes to myself, possibly of interest to others.
-- Bill Northlich

Wednesday, April 27, 2011

Unmet Challenges. Stiglitz, 2009

"Three challenges now face the United States and the world: the restoration of sustainable aggregate demand, strong enough to ensure global Full employment; the reconstructing of the financial system so that it performs the functions that a financial system is supposed to, rather than the reckless risk-taking that was undertaken prior to the crisis: and the restructuring of the US and other world economies - to reflect. for instance, shifts in global comparative advantages and changes in technology. As of this writing, we are failing on all three accounts."
---Joseph Stiglitz, Freefall, p. 76  (my underlines)

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