Watch: A Nobel Economist Debunks Trickle-Down Reaganomics In Four Minutes
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The solution, accord to Stiglitz, is to look to the European countries- particularly the Scandinavian countries.
“The choices we made got us here and we must now choose a new path…Maybe we should be calling the American Dream the Scandinavian Dream.” Stiglitz mandates the gelding of Wall Street’s excesses, institute a transaction text to encourage long-term investment instead of always chasing a quick buck, raise taxes on capital gains and dividends, and tax multinational corporations on their global income.
Thanks, Adam! Good to "see" you! Thanks to William McDavid for posting this on Twitter!
Good to see you too!