Usually F means fail but it can also used fallacy when the particular notion has been misguided like one by Mr Joseph Stiglitz a Columbia University professor, who himself won the 2001 Nobel Economics Prize.
GMU economist writes in Cafehayek “I'd give an "F" to any of my undergraduate students who would make such a fundamental mistake as the one made here by Stiglitz”.
It is absurd to believe what Stiglitz says “I think, the crisis is leading to a fundamental change in the philosophy. We’ve seen that unfettered markets can be a disaster”.
Does he think that the government is the soul solution to problem like financial crisis, when it created this sort of disaster?
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