Nobel Prize Winner Joseph Stiglitz on the Way Out from the Crisis

The DSR Network

Chris Cotnoir

Government

4.5 • 1.9K Ratings

🗓️ 24 June 2020

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

We face an extraordinary challenge--a massive economic crisis and a great public health crisis, each feeding into one another. Our government's response thus far has exacerbated both. To recover is going to require big ideas and bold execution from the next president of the United States. Nobel Prize-winning economist Joseph Stiglitz offers some of those ideas and thoughts on how a Biden Administration could make them a reality in the latest edition of our Agenda 2021 series. It is essential listening on issues from how to create millions of jobs to how to save our cities and states from an even greater crisis, from how to foster a green recovery to what lessons the G.I. Bill may offer for those thinking about the issue of reparations. Join us! Support this show http://supporter.acast.com/deepstateradio. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:09.0	Just click the link in the show description to support now. 9. 12. 28. 10 28 to 23.
0:27.0	This is Deep State Radio.
0:30.0	This is Deep State Radio.
0:33.0	Coming to you direct from our super secret studio in the third sub-basement of the Ministry of
0:39.3	Snark in Washington, D.C. and from other undisclosed locations across America and around the world.
0:47.0	Hello and welcome to the latest in our series of agenda 2021 conversations in which we meet with leading experts and discuss
0:56.3	what we think the right agenda might be for Joe Biden when he becomes president in January of 2021 if that has to come to pass.
1:05.2	And talk about how we tackle the problems we're facing in this country.
1:11.6	Clearly many of the greatest problems we face
1:14.1	are economic problems and fortunately today we have with us one of America and the
1:20.6	world's leading economists Nobel Prize winner Joseph Stiglitz of Columbia University Hi Joe how are you?
1:27.0	Nice to be here.
1:28.0	Thank you for joining us. I think the best place to start would be with a bit of a scene setter.
1:36.0	We've all read projections for the economic consequences of this crisis coming from the IMF coming from Wall Street firms and so forth.
1:46.4	All of them seem to suggest a very, very deep crisis.
1:49.8	30, 40, even 50 million unemployed in the United States, real GDP shrinkage, perhaps down 5% more
2:00.3	over the course of 20-20 and many of them projecting not just a global
2:07.6	recession through this year but a process of recovery that may take many years in the United States will certainly take us
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