Joe Stiglitz on the Iraq war and the economy

Published: March 5, 2008, 9:30 am

Joe Stiglitz on the Iraq war and the economy:From The Huffington PostPosted March 4, 2008 12:51 PM (EST)In the following interview, Nobel laureate Joe Stiglitz talks about how the economy has replaced Iraq as the central issue in the presidential campaign, but how the two are closely related.Stiglitz was awarded the Nobel Prize for Economics in 2001. He is the author, with Linda Bilmes, of The Three Trillion Dollar War: The True Cost of The Iraq Conflict, just published in the U.S. Stiglitz spoke with me for my Global Viewpoint on Monday.Nathan Gardels: The American economy, teetering toward recession or worse, has replaced the war in Iraq as the key issue in the presidential campaign. What is the link between U.S. economic woes and the war in Iraq?Joseph Stiglitz: The war has led directly to the U.S. economic slowdown. First, before the U.S. went to war with Iraq, the price of oil was $25 a barrel. It's now $100 a barrel. While there are other factors involved in this price rise,

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