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Stiglitz: Economic inequality preventing a robust recovery
Nobel Prize-winning economist Joseph Stiglitz on Sunday said the United States would continue to recover from the economic collapse at a snail’s pace unless the middle-class was strengthened. During an appearance on MSNBC, he argued that economic inequality was weakening the economy because it resulted in a lack of demand…
Economist: Obama and Romney afraid of offending the big banks
Nobel award-winning economist Joseph Stiglitz said Wednesday that President Barack Obama and Republican presidential candidate Mitt Romney had failed to mention the housing market recovery because both were afraid of upsetting big banks, who are major campaign contributors. Stiglitz told Reuters TV it was “shocking” that the housing issue hadn’t…
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