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The Coming Reckoning

Dorothea Lange's "Migrant Mother"In this month's Vanity Fair:

The Economic Consequences of Mr. Bush
by Joseph E. Stiglitz December 2007


The next president will have to deal with yet another crippling legacy of George W. Bush: the economy. A Nobel laureate, Joseph E. Stiglitz, sees a generation-long struggle to recoup.

The American economy can take a lot of abuse, but no economy is invincible. - - Joseph Stiglitz

Joseph Eugene "Joe" Stiglitz (born February 9, 1943) is an American economist and a member of the Columbia University faculty. He is a recipient of the John Bates Clark Medal (1979) and the Nobel Memorial Prize in Economics (2001). Former Senior Vice President and Chief Economist of the World Bank, he is famous for his critical view of globalization, free market fundamentalists and some international institutions like the International Monetary Fund and the World Bank. In 2000 Stiglitz founded the Initiative for Policy Dialogue (IPD), a think tank on international development based at Columbia University. Since 2001 he has been a member of the Columbia faculty, and has held the rank of University Professor since 2003. He also chairs the University of Manchester's Brooks World Poverty Institute and is a member of the Pontifical Academy of Social Sciences. - Wikipedia