Friday, April 25, 2008

De re oeconomica

Overseas reports this:
MSNBC has two Nobel Prize economists on right now. They were asked which of the three - Obama, Clinton or McCain - would be best for the economy, and both replied Obama.

Joseph Stiglitz, who was connected to the Clinton presidency and a 2001 prize winner, said that Obama's speech 3 weeks ago on the economy was brilliant. He also said that the deregulation of the markets during Clinton's presidency was a mistake and the markets need to be re-regulated.

Edmund Phelps, 2006 prize winner, agreed. We need a new way of looking at the economy and Obama is the one that can do that. We do not need the thinking of the past.

More at the full post.
--the BB

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