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Old 01-05-2015, 03:57 PM
 
6,932 posts, read 8,086,226 times
Reputation: 3025

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You can't get anymore corrupt than this. It's obviously why he wasn't approved. Stiglitz is a highly respected economist. This goes against the interest of the financial profiteers.

Quote:
Joseph Stiglitz, the Nobel laureate economist who called for a tax on high-frequency trading, has been blocked from a government panel that will advise regulators on issues facing U.S. equity markets, according to people familiar with the matter.

Stiglitz’s rejection shows the partisan infighting that has bogged down Securities and Exchange Commission Chair Mary Jo White’s plan to set up a panel of experts to advise the agency on topics ranging from rapid-fire stock trading to dark pools.

Quote:
“I think they may not have felt comfortable with somebody who was not in one way or another owned by the industry,” Stiglitz said in a phone interview.
Nobel Laureate Stiglitz Blocked From SEC Panel After Faulting High-Speed Traders* - Bloomberg
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Old 01-05-2015, 04:30 PM
 
Location: USA
13,266 posts, read 10,388,759 times
Reputation: 4228
Sounds like our government.


The revolving door in Washington continues. More reason to remove them all and start fresh.
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Old 01-05-2015, 04:38 PM
 
26,304 posts, read 12,839,724 times
Reputation: 12550
God forbid we do something about high speed traders who provide no positive economic benefit by their actions, but do add volatility, and leech money out of the system.
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Old 01-05-2015, 04:50 PM
 
Location: USA
13,266 posts, read 10,388,759 times
Reputation: 4228
People don't care about anything but money. They don't care if our Economy eats itself as long as their the last one to starve.
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Old 01-05-2015, 04:52 PM
 
Location: Old Bellevue, WA
18,794 posts, read 14,266,872 times
Reputation: 7950
Stiglitz has a checkered history. He once authored a textbook wherein he gave the standard economic analysis denouncing minimum wage laws as a deleterious price control.
Mises Daily | Mises Institute

But when he joined the Clinton admin, he became a born again believer in the efficacy of price controls. He also authored a study claiming that the cost of the Iraq war was over $3 trillion due to such factors as the impact of oil prices on the US economy. The Congressional Research Service found that the cost of the war was $806 billion, less than one third of the number from Stiglitz.
The true cost of the Iraq war: $3 trillion and beyond

He's a hack. There is much money to be made in hackery these days.
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Old 01-05-2015, 04:53 PM
 
6,932 posts, read 8,086,226 times
Reputation: 3025
Quote:
Originally Posted by wutitiz View Post
Stiglitz has a checkered history. He once authored a textbook wherein he gave the standard economic analysis denouncing minimum wage laws as a deleterious price control.
Mises Daily | Mises Institute

But when he joined the Clinton admin, he became a born again believer in the efficacy of price controls. He also authored a study claiming that the cost of the Iraq war was over $3 trillion due to such factors as the impact of oil prices on the US economy. The Congressional Research Service found that the cost of the war was $806 billion, less than one third of the number from Stiglitz.
The true cost of the Iraq war: $3 trillion and beyond

He's a hack. There is much money to be made in hackery these days.
Mises? Really?

lol
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Old 01-05-2015, 06:11 PM
 
Location: Old Bellevue, WA
18,794 posts, read 14,266,872 times
Reputation: 7950
Quote:
Originally Posted by knowledgeiskey View Post
Mises? Really?

lol
Ad hominem fallacy.

And the link quotes Stiglitzs's own textbook. So perhaps along with 'Mises? Really?' you should be querying 'Stiglitz? Really?'
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Old 01-05-2015, 06:27 PM
 
4,709 posts, read 3,503,685 times
Reputation: 4416
Quote:
Originally Posted by greywar View Post
God forbid we do something about high speed traders who provide no positive economic benefit by their actions, but do add volatility, and leech money out of the system.
Indeed.

I invite everyone to read "Flash Boys" by Michael Lewis. If you aren't ready to burn down Wall Street by the time you finish the book, you're not human.
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Old 01-05-2015, 10:25 PM
 
Location: Ohio
19,883 posts, read 14,224,806 times
Reputation: 16076
Quote:
Originally Posted by wutitiz View Post
Ad hominem fallacy.

And the link quotes Stiglitzs's own textbook. So perhaps along with 'Mises? Really?' you should be querying 'Stiglitz? Really?'
Well, there you go.

Quote:
Originally Posted by knowledgeiskey View Post
Mises? Really?

lol
Proof Surrogate
Substituting a distracting comment for a real proof.

I guess knowledge isn't key.

Quote:
Originally Posted by wutitiz View Post
He's a hack. There is much money to be made in hackery these days.
Unfortunately, that is true....

Mircea
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Old 01-06-2015, 01:31 AM
 
Location: Texas
26,719 posts, read 11,208,910 times
Reputation: 6150
Quote:
Originally Posted by knowledgeiskey View Post
Mises? Really?

lol
The ones that told us the Great Depression was coming, the ones who told us the dot com bubble and housing bubble were coming all because of "free money". Yea lets not listen to the ones who have been right about the economy.

knowledgeiskey really?
lol
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