Monday, March 10, 2008

The Cost of War in Irak - Joseph Stiglitz

The Three Trillion Dollar War: Nobel Laureate Joseph Stiglitz and Harvard Economist Linda Bilmes on the True Cost of the US Invasion and Occupation of Iraq

One week after President Bush rejected charges the war in Iraq has hurt the US economy, a new book puts a conservative estimate of the war’s cost at $3 trillion so far. In their first national broadcast interview upon their book’s publication, Nobel laureate and former chief World Bank economist, Joseph Stiglitz, and co-author Linda Bilmes of Harvard University say the Bush administration has repeatedly low-balled the cost of the war—and even kept a second set of records hidden from the American public. (

Although this book or this report doesn't bring anything new to the table, at least Stiglitz is making a stand for the huge sunk cost that this war is going to pass onto next decades US economy.

For video here -45 minute interview...but not that interesting-.

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