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Professor Joseph Stiglitz was quoted in Yahoo Finance

Biden just forgave $10,000 in student loan debt. Elizabeth Warren calls it ‘one of the biggest acts of consumer debt relief in American history,’ while Mitch McConnell calls it ‘socialism’

Professor Joseph Stiglitz wrote in The Atlantic.

Actually, Canceling Student Debt Will Cut Inflation

Biden’s targeted loan forgiveness will help, not harm, the economy.

Read the full article here. 

Professor Joseph Stiglitz was quoted in KY3

IMF fees on war-torn countries closer to elimination

Economists Joseph Stiglitz at Columbia University and Kevin P. Gallagher at Boston University wrote earlier this year that “forcing excessive repayments lowers the productive potential of the borrowing country, but also harms creditors” and requires borrowers “to pay more at exactly the moment when they are most squeezed from market access in any other form.”

Professor Michael Woodford was quoted in New York Times

This Guy Says the Fed Has Got Everything Precisely Backward

“Even when the private sector holds a lot of government debt, this effect can dominate,”  Dr. Woodford wrote. Also, he wrote, if the government sees it’s shoveling out too much money in interest, it could cut other spending or raise taxes, offsetting the stimulative effect of interest payments.