RSN – Ben Chu – Full Transcipt – Interview Joseph Stiglitz : ‘Jail The Bankers’ – 9 July 2012

Joseph Stiglitz

One of your great economic contributions to economic theory was showing that information asymmetry unraveled the theory that markets were perfectly efficient. But that that didn’t really change the wider culture and many people carried on believing that markets were perfect. The Libor fixing scam is, in one sense, an example of information asymmetry in practice. So could this be a “teachable moment”?

Adam Taylor – Ólafur Ragnur Grímsson : Iceland’s President – FULL TRANSCRIPT: Iceland’s President Explains Why The World Needs To Rethink Its Addiction To Finance – 14 April 2012

Here’s the full transcript of our interview with Ólafur Ragnar Grímsson, who has been President of Iceland since 1996, and announced last month he would be running for a fifth term. Keep reading to hear his thoughts on Iceland’s recovery, and how a large financial sector can ruin the world.

How has life in Iceland changed since the meltdown?

It’s very difficult to give a short description of how life has changed. It’s absolutely clear in Iceland, like many other countries, the financial crisis came as a profound shock, not only to the financial institutions, but also to ordinary people, the economy…

Read more: http://www.businessinsider.com/olafur-ragnur-grimsson-iceland-2012-4?utm_source=inpost&utm_medium=seealso&utm_term=&utm_content=1&utm_campaign=recirc#ixzz1s2G28kWV