I'm sorry, but you DO need an education, from someone other than Stiglitz. His credentials establish him firmly in the camp Of Global Socialist. Those ideas are great for enjoyment over a snifter of brandy after a night at the opera, but they do NOTHING to reconfirm a capitalist nation which has been slouching toward Gomorrah.
You have to evaluate these guys by more than someone's willingness to confer a prize for their work. In fact, you start by considering WHO the prize committee has as its members.
If you read what I wrote on this topic, we are not that far apart, but the worker culture and out debt are the two aspects of our problem that are under OUR control.
Our productivity is UP, way up, thanks to technology. What we must HAVE is a place for low and semi skilled workers to go to work every day, and a welfare system that makes the work more profitable to the individual than sitting home watching TV.
That is the way to success, if we don't collapse under our debt before we can do that.
Out debt is not merely increasing, it is increasing geometrically, and at an alarming rate. We must stop it, NOW, or we will not look like the US. We will look like Greece.
I will drink from the well of truth. Stay away from the Columbia U kool-aid.