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Stiglitz enabled Obama with Nobel ideas to scorn them

Joseph Stiglitz’s 2003 book “The Roaring Nineties” is a cornerstone of President Barack Obama’s blueprint to reshape the US economy. Yet the Nobel Prize- winning economist says “there’s no natural position for somebody like me” in the new administration. A plan Obama was considering to buy illiquid assets on banks’ balance sheets amounted to swapping taxpayers’ “cash for trash,” Stiglitz, 66, said in January interviews at the World Economic Forum in Davos, Switzerland. “I’m hopefully shaping some of the debate and ...