Thursday, Jul 16th
Last update08:01:29 AM GMT
Joseph Stiglitz - former head economist at the International Monetary Fund (IMF) and a nobel-prize winner - said yesterday that the very structure of the Federal Reserve system is so fraught with conflicts that it is "corrupt" and undermines democracy.
Stiglitz stressed that the Fed banks have clear conflicts of interest, since the banks are largely governed by a board of directors that includes officers of the very banks they're supposed to be overseeing:
 The board game Monopoly has always taught some important economic lessons: The benefits of owning real... |
 Before Sayuri Tsuchitani became an entrepreneur, she spent two decades on her feet: cutting, coloring and... | ||
 For his work chairing the US Federal Reserve, Alan Greenspan, who has died aged 100, was... |
 Soaring gasoline prices, triggered by the U.S. war with Iran, have pushed inflation to its highest... |
