Nobel Economist Predicts Iraq War Could Cost US $2 Trillion

January 7, 2006

Columbia University professor Joseph Stiglitz, winner of the 2001 Nobel Prize for Economics, has issued a report predicting that the Iraq War could end up costing the United States $2 TRILLION. In fact, says Stiglitz, “Our estimates are very conservative, and it could be that the final costs will be much higher.”

[Postscript: This article from February 3, 2006 says the Iraq war is costing $100,000 per minute.]

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One Response to “Nobel Economist Predicts Iraq War Could Cost US $2 Trillion”


  1. […] [Flashback: In January 2006, Nobel winning economist Alfred Steiglitz estimated the wars would cost $2 trillion. Looks like he knew what he was talking about, but he better revise his estimate for a war that apparently has no end.] […]


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