June 6, 2012

Stiglitz and Conrad Battle Over U.S. Income Inequality Stagflation or Prosperity

Interviews
Market Oracle

"The old theory of economics was compensation was related to productivity and contributions either to the firm or society because those two were supposed to be aligned. We saw in the great recession that wasn't true. CEOs walked off with mega-bonuses when they had brought their own company, let alone the global economy, to the brink of ruin."

Top private equity investor (and former Bain Capital managing director) Edward Conard debates Nobel Prize-winning economist Joseph Stiglitz about income inequality and whether Americans are better or worse off due to innovation in the economy.