The U.S. economy needs more fiscal stimulus because monetary policy has little traction and government spending cuts threaten the expansion, Nobel Prize-winning economist Joseph Stiglitz said.
“What we need now is another round of stimulus to get out of the doldrums,” Stiglitz, a Columbia University professor, said today on the “Bloomberg Surveillance” television program with Tom Keene and Sara Eisen. “We can’t rely on exports given the weaknesses in Europe.”
