Wine, Physics, and Song

Joseph Stiglitz on the bank bailout, from Bloomberg:

“All the ingredients they have so far are weak, and there are several missing ingredients,” Stiglitz said in an interview yesterday. The people who designed the plans are “either in the pocket of the banks or they’re incompetent.”

Stiglitz is only one of the world’s best economists;  when he talks, you really *should* listen.