Stiglitz says ‘Send Bankers to Jail’ Without threat of prosecution, says Nobel economist, expect little to change

Stiglitz says ‘Send Bankers to Jail’ Without threat of prosecution, says Nobel economist, expect little to change

There’s some interesting stuff in there. Stiglitz says that the Vickers reforms to ringfence retail banking pobably don’t go far enough. He proposes a theory on why Germany practices left-wing economics at home but right-wing economics abroad (there’s a solidarity gulf). He also explains why China can combine high growth with high inequality. Have a look at his answer, too, to the question of how high marginal tax rates should be to curb inequality and discourage rent seeking. 70%?

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