Joe Stiglitz: U.S. Root of World Financial Chaos

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Does Joe want Bernanke's job?

“That is a real risk that U.S. monetary policy, flooding the world with liquidity, unfortunately very little of it translating into lending in America, is helping create bubbles all over the world, and creating instability in many other countries in the world. I think that has not been taken into account fully: the global cost of these policies.”