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.
Separate But Equal Is Best Scenario
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