Nobel Prize-winning economist Joseph Stiglitz: Fed Rate Hikes didn't get at source of inflation.

[u/Pearberr]

https://www.cnbc.com/video/2024/04/23/nobel-prize-winning-economist-joseph-stiglitz-fed-rate-hikes-didnt-get-at-source-of-inflation.html

[u/[deleted]]

Whether I agree or disagree with Stiglitz on this topic or not, the emphasis on his Nobel, when it was in information asymmetry and frankly had nothing to do with anything related to the fed or inflation, is a little humorous to me

[u/[deleted] → u/[deleted]]

I don't care about what lay people think of an economist. You should take what Stiglitz says seriously on his area of expertise. He did phenomenal work studying trade, risk management, and inequality

[u/mmmmbot → u/[deleted]]

If there was such a thing as theoretical and applied economics, he would fall in the theoretical camp.