Nobel Prize-winning economist Joseph Stiglitz says US stimulus programmes have 'failed' — and that policymakers should now focus on preventing a 'lost generation' of workers | Markets Insider

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Nobel Prize-winning economist Joseph Stiglitz says US stimulus programmes have 'failed' — and that policymakers should focus on preventing a 'lost generation' of workers

Nobel Prize-winning economist Joseph Stiglitz says US stimulus programmes have 'failed' — and that policymakers should now focus on preventing a 'lost generation' of workersNobel Prize-winning economist Joseph Stiglitz said in an interview with CNBC that US stimulus programmes have"failed, and we have to admit that."

He said the US should also consider giving some benefits to those who are still in high school or recent graduates who don't usually qualify for unemployment insurance. Visit Business Insider's homepage for more storiesStimulus programs have failed to help the Americans in most dire need, according to famed Nobel Prize-winning economist Joseph Stiglitz. published Tuesday: "The problem wasn't just the amount of money. It was how the programs were designed," Stiglitz said.

"What is happening in the US compared to other countries is that Denmark and New Zealand did design the [stimulus] programmes in the way I would have recommended." He said:"In our bailouts we didn't help the universities, we gave money to some dieing industries, but not to the industries of the future, including higher education."

 

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