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Nobel Prize Winning Economist, Joseph Stiglitz

Steve Scher
10/17/2008 at 9:00 a.m.

The Iraq war has already cost us nearly 1 trillion dollars; 20 times more than was expected. Are our current economic woes related to the war debt? Nobel Prize winning economist, Joseph Stiglitz, warned that the wrong financial bailout strategy could make our national debt soar. Does he think the right plan was approved? If not, what can we expect as a nation? Is there still a way to redeem our economy?

Also, weekend weather forecast with Cliff Mass.



Guest(s)

Joseph Stiglitz is University Professor at Columbia University in New York and Chair of Columbia University's Committee on Global Thought. In 2001, he was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information. He was the chairman of President Clinton's Council of Economic Advisers and served as senior vice president and chief economist at the World Bank. He is the author of many books including "Making Globalization Work" and "Globalization and Its Discontents." His latest book is "The Three Trillion Dollar War: The True Cost of the Iraq Conflict."

Cliff Mass is a UW Atmospheric Scientist.

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