Joseph Stiglitz on the future of finance

I have been reading up on my macroeconomics and I must say that most of what we teach at business schools need to be rewritten or at least given another interpretation. Along the way I came across this clip with Joseph Stiglitz who gives his bid on how we came to be in the situation that we are in and how we can possible move out of this crisis. Moving away from only looking at monetary policy and getting back to fiscal policy. Interesting because we for the last 10 – 15 years have tried to minimize state input because we did not think it worked and now it is the only thing left standing. Enjoy.

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