Only a fool would trust Facebook their money - Joseph E. Stiglitz

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Joseph E. Stiglitz, a Nobel laureate in financial aspects and an unmistakable Keynesian, accepts that Facebook's computerized cash can scarcely have the right to be trusted.

"Just a trick would trust Facebook with his or her money related prosperity. However, perhaps that is the point: with so much close to home information on some 2.4 billion month to month dynamic clients, who knows superior to Facebook exactly what number of suckers are brought into the world consistently?" he wrote in the ongoing post on Project Syndicate.


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