Stiglitz said that today the US is not doing a good job of fixing its financial system.
"It is not likely to work. We are spending huge amounts of money that will put taxpayers in much worse shape. It is being done in a very non-transparent way that is undermining people's confidence in the government. Even after we fix the financial problem, the recovery is not going to be very robust," he said.
Image: A panel discussion on US-India Economic Synergy at the India Business Conference was moderated by Ranjana Khanna, Asst Gen Sec, FICCI. The speakers on the panel were (left to right) Dr. Ajay Gondane, Deputy Consul General of India in New York; David P. Good, Chief Representative, North America, Tata Sons; Madhu Vuppuluri, President, Essar America; Rajesh Sinha, Head of Business Development, Thermax USA. | Photograph: Paresh Gandhi
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