Stieglitz says no to the Euro

MsAmerica · 2016-08-20T20:54:47+00:00

I was listening to a bit of an interview with Nobel economist Joseph Stieglitz, who has a new book out - who thinks that the Euro isn't all it's cracked up to be, and that Brexit may work out just fine. [[http://www.wnyc.org/story/euro-joseph-sitglitz]] [[https://penguin.com.au/books/the-euro-how-a-common-currency-threatens-the-future-of-europe-9780241258156]]

Stiglitz is a US economist and more of an expert in the Economics of the US, and I have never been particularly impressed by his grasp of the the complexities of the the Eurozone.

He has been dead against Quantitative Easing, which although too early to judge appears to have worked in the UK and US, whereas in the Eurozone countries which did not deploy QE they have suffered more problems.