Joseph E. Stiglitz is a Keynesian quack, a Keynesian first and then a quack. What we see here is cause and effect. This is at the micro level - in the diseased mind of Stiglitz. At the macro level it is his ego-driven interpretation and his hopes for ego-driven intervention that is the cause; and the effect is the destruction of the inherent harmony of the economy.
It may be that he is a liar but most definitely he is delusional!
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