Saturday, December 13, 2008

But, Maybe I Was Wrong...On A Different Matter

In an earlier post I called Joseph Stiglitz a nitwit because of an article he wrote for Vanity Fair blaming Ayn Rand and Ronald Reagan for the current financial crisis.

But now I read that he favors a Chapter 11 Bankruptcy for the Big 3.

Maybe he's a only a nitwit half the time.

Or maybe I should have read the Vanity Fair article a little closer...

So I did.

Nowhere does Mr Stiglitz call for the abolition of the Federal Reserve Bank.

So I was right, he's a nitwit...but only half the time.

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