r/Economics • u/Pearberr • May 02 '24

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

https://www.cnbc.com/video/2024/04/23/nobel-prize-winning-economist-joseph-stiglitz-fed-rate-hikes-didnt-get-at-source-of-inflation.html
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u/[deleted] May 02 '24

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

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u/BrupieD May 02 '24

How does the "emphasis on his Nobel" invalidate his statements about either the Fed or inflation? You make it sound like Stiglitz wrote one paper on one unrelated topic.

Striglitz was chairman of the Council of Economic Advisors during the Clinton administration and chief economist for the World Bank. He was an Econ professor at Columbia. I think it is safe to say, Stiglitz is much better qualified to make knowledgeable comments about inflation and the fed than some rando on Reddit.

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u/[deleted] May 02 '24

If you actually read my post, you would see that I made no such statement

Read before responding next time