Key Role of UN in Global Financial Architecture (Joseph Stiglitz)
Thursday, January 21st, 2010 at
1:07 pm
ESCAP, Bangkok, 21 August 2009 – Nobel laureate professor Joseph Stiglitz’s lecture on United Nations System and the economic crisis: towards a new global financial and economic architecture delivered at the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) in Bangkok 21 August 2009. Introduction by Ms Noeleen Heyzer, UN Under-Secretary-General and Executive Secretary of ESCAP. Press Release: www.unescap.org
Tagged with: 21 August 2009 • Bangkok • economic crisis • ESCAP • financial crisis • Joseph Stiglitz • Nobel Laureate • Noeleen Heyzer • UN • United Nations
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Ron Paul 2002:
“by transferring the risk of a widespread mortgage default, the government increases the likelihood of a painful crash in the housing market. This is because the special privileges of Fannie, Freddie, and HLBB have distorted the housing market by allowing them to attract capital they could not attract under pure market conditions. ”
Sorry Joe, austrian economics is RIGHT.
I wonder why there are so few comments ( 1 so far..) in such great thinking…