Joseph Stiglitz in Vanity Fair:
Forget monetary policy. Re-examining the cause of the Great Depression—the revolution in agriculture that threw millions out of work—the author argues that the U.S. is now facing and must manage a similar shift in the “real” economy, from industry to service, or risk a tragic replay of 80 years ago.
G’da would’ve said something about being a day late and dollar short.
Come on Joe, tell us something we don’t know.