Sunday, January 28, 2007

 
An Interview with Joseph Stiglitz:

JERE VAN DYK: You once said that Europeans subsidize cows to the tune of $2.00 a day.
JOSEPH STIGLITZ: It’s such a resonant number because that’s the way the World Bank measures poverty, less than $2.00 a day. It’s better to be a cow in Europe than to be a person in most of the developing world.

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