Noble Prize-winning economist Joseph Stiglitz offers his thoughts on what might cause the next recession from the floor of the New York Stock Exchange. He dives into three major headwinds facing the global economy: Trump's protectionism, stagnation in the Eurozone, and potentially unstable growth in China. Stiglitz also chimes in on Universal Basic Income, saying he’s not “a big UBI guy”. He talks about cryptocurrencies as well, offering his concerns on how they facilitate illegal activities and suggesting authorities ban them altogether.
» Subscribe to CNBC: https://cnb.cx/SubscribeCNBC
» Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision
» Subscribe to CNBC Classic: https://cnb.cx/SubscribeCNBCclassic
About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more.
Connect with CNBC News Online
Get the latest news: https://www.cnbc.com/
Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC
Follow CNBC News on Facebook: https://cnb.cx/LikeCNBC
Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC
Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC
What Will Cause The Next Recession - Joseph Stiglitz On Trump's Protectionism