Mises Wire
Author:
George Reisman
Online Publish Date:
In the New York Times, Joseph Stiglitz, a Nobel prize winner in economics, has an article titled “How to Fix the Global Economy .” Judging from his article, Stiglitz appears to believe that the main problem of the global economy is “global financial imbalances.” By this, he means “America’s enormous trade deficits,” which he states are close to $3