Open QuestionsEconomist Joseph Stiglitz on the US-China trade war and the death of ‘hyper-globalisation’
Kamala Harris and Donald Trump likely to increase tariffs on Chinese imports, Nobel laureate says, but former president threatens ‘every dimension’ of US economy
American economist Joseph Stiglitz, who won the Nobel Prize for economics in 2001, served as chairman of the Clinton administration’s Council of Economic Advisers. He is a professor at Columbia University and a former chief economist at the World Bank.
I thought that the Fed increased interest rates too far and too fast, because it made a fundamental error of judgment that the inflation we were experiencing was due to excess demand but, in fact, it was a result of the shock of the Covid-19 pandemic and the war in Ukraine. I thought that the higher interest rates might actually worsen the problems, not improve them.