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Read the first 5 paragraphs and and
paragraph 10 in the link below where Joseph Stiglitz
explains how the lack of Aggregate Demand (AD) is currently
causing slow or no economic growth around the world.
http://www.huffingtonpost.com/joseph-e-stiglitz/world-economy-2016_b_8908560.html
From Wikipedia: "Joseph Eugene
Stiglitz . . . is an American economist and a professor at
Columbia University. He is a recipient of the Nobel Memorial
Prize in Economic Sciences . . . . He is a former senior
vice president and chief economist of the World Bank and is
a former member and chairman of the Council of Economic
Advisers, [under president Clinton]. . . . Based on
academic citations, Stiglitz is the 4th most influential
economist in the world today, and in 2011 he was named by
Time magazine as one of the 100 most influential people in
the world."
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