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Budget Paralysis in the Us: the Nobel Economics Sees the Effect of a "Government Led by Oligarchs"

Summary by TVA Nouvelles
The Nobel Prize in Economics Joseph Stiglitz attributed fiscal paralysis to a "government led by oligarchs".

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The Nobel Prize in Economics Joseph Stiglitz attributed fiscal paralysis to a "government led by oligarchs".

·Montreal, Canada
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Joseph Stiglitz, a Nobel Prize-winning economist, blamed the politicians of the current US government for putting the interests of the rich and powerful before those of poor citizens in statements to the AFP yesterday October 1.The U.S. government paralysed yesterday October 1 all non-essential operations after Democratic and Republican legislators failed to reach an agreement on financing for the new fiscal year.The closures are a periodic feat…

Nobel Prize-winning economist Joseph Stiglitz denounced politicians who put the interests of the rich and powerful over poor Americans for the US federal government shutdown.… Stiglitz denounces the US government that is “run by oligarchs” - NAVTEMBORIKI

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TVA Nouvelles broke the news in Montreal, Canada on Wednesday, October 1, 2025.
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