Joseph Stiglitz: One Economic Principle You Should Know - The 92nd Street Y, New York
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Joseph Stiglitz: One Economic Principle You Should Know

Mar 6, 2012


The latest jobs report released on Friday was not as strong as many had hoped but there was one sign of encouragement: "The so-called underemployment rate, which counts jobless people looking for work, part-time workers who need full-time jobs and discouraged job seekers, fell to a three-year low of 14.5%."

On this jobs issue, let's turn to Nobel Prize-winning economist Joseph Stiglitz who was asked on the 92Y stage what one economic principle would you most want to explain to a 10-year-old. He imparts: you're not going to restore the economy to full employment by cutting taxes or cutting spending. Investment in America is what we need to stimulate the economy.

If not a message for the children, at least their parents.


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