From: RTAmerica | Apr 13, 2011
Joseph Stiglitz is a Nobel Prize winning economist, Columbia University professor, and former Senior Vice President and Chief Economist of the World Bank. In a one-on-one interview at INET’s Bretton Woods conference in New Hampshire he told RT why he thinks the US dollar as the reserve currency is hurting the entire world, how Federal Reserve have failed, and why inequality in the US may be reaching a tipping point that hurts the economy and society, with policymakers sending the US further in the wrong direction.