What Will Cause The Next Recession - Joseph Stiglitz On Trump's Protectionism

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What Will Cause The Next Recession - Joseph Stiglitz On Trump's Protectionism 4
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Noble Prize-winning economist Joseph Stiglitz offers his thoughts on what might cause the next recession from the floor of the New York Stock Exchange. He dives into three major headwinds facing the global economy: Trump's protectionism, stagnation in the Eurozone, and potentially unstable growth in China. Stiglitz also chimes in on Universal Basic Income, saying he’s not “a big UBI guy”. He talks about cryptocurrencies as well, offering his concerns on how they facilitate illegal activities and suggesting authorities ban them altogether.


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What Will Cause The Next Recession - Joseph Stiglitz On Trump's Protectionism

💬 Comments on the video
Author

Economists have predicted 15 of the last 5 recessions

Author — harrison wintergreen

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The problem: the previous recession (2007-2019) was never resolved.

Author — GT Cars - POV Test Drives

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There is no single answer, he's trying to demonstrate that the issue is complex and various factors will contribute to the recession....

Author — Gadrri

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Predictions from the celebrated scholars who didn't see the 2007-2008 Financial crisis coming. Sounds legit.

Author — Godfrey G.

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Thanks for confirming my suspicion that no one, including Stiglitz, knows what will cause the next recession.

Author — Bob Crooks

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...when the rulers decide they've let us workers build enough wealth up for them to steal.

Author — Johnny C

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There's a trump university?!! And ppl go thr?!! Wtf

Author — DJ Tan

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was really feeling this guy till he said to let the federal reserve monitor our payments lolol

Author — leutrim topalli

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Suddenly I don’t think David Icke is crazy anymore..

Author — Steven Ajao

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Talking about China he says that 'the only way they goose their economy is through debt' i:34. Doesn't that apply equally to the United States.

Author — Frank Blangeard

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“It ain’t what you don’t know that gets you into trouble; it’s what you know for sure that just ain’t so.” ~ Mark Twain

Author — Shawn Vanden

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12:35 you worried about lack of transparency of crypto currencies. Please tell me how transparent central banks are! Where did 11 trillion dollars go that bailed out the failing banks and who's on the hook for it's repayment? Economics Nobel Peace price, because you're a defender of the status quo, one %ers.

Author — augenbutter

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Imagine if universities profit model come from having a share of there students income that they generate over a period of time, if and only if they get employment in the area that they were trained by the university.

Author — mynameismilk

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6:34 So you are not a UBI guy. Ok, how will you ensure a job for everyone when AI and robots take ALL jobs?

Author — Santiago Sánchez

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I think what’s going to happen is a fractured recession. Certain areas are fine and certain areas will be in recession/depression. It will be much more difficult to spot.

Author — Arvind Talukdar

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I am surprised with this interview because Stiglitz is protectionist himself and what is Trump doing about China is actually what Stiglitz was calling for. Dig deeper in his papers

Author — Nur BB

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Banning crypto, lol.

Good luck with that.

Author — Nobody Is here

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It amazes me when people are surprised that corporations use tax cuts for stock buy backs. This is not new they did the same thing back in the 80s.

Author — Pat Roscher

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Its kind of scary when even the smartest economists, have absolutely no clue what they are talking about. The next recession will hit like a sledgehammer, and obliterate this ponzy dollar based wasteful "economy".

Author — Alex P.

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Old man had me until he started talking about crypto currencies being negative as if the dollar isn't used for "dark things" and isn't about to be worthless. China Russia are jumping off the dollar.

Author — Geezee933 G