Nobel Prize-Winning Economist Joseph Stiglitz: Federal Reserve System is Corrupt and Undermines Democracy

Joseph StiglitzJoseph Stiglitz - former head economist at the International Monetary Fund (IMF) and a nobel-prize winner - said yesterday that the very structure of the Federal Reserve system is so fraught with conflicts that it is “corrupt” and undermines democracy.Stiglitz said:If we [i.e. the IMF] had seen a governance structure that corresponds to our [...] continue reading the breaking news