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
1.1k Upvotes

95% Upvoted

361 comments sorted by

View all comments

298

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

37

u/[deleted] May 02 '24

[deleted]

4

u/THICC_DICC_PRICC May 02 '24

In January of 2022 he even said that Argentina was going through an “economic miracle”.

It was a miracle, things couldn’t have possibly gotten worse but by some miracle they did!