Recently, a Nobel prize-winning economist and a former World Bank Chief Economist, Joseph Stiglitz, said that the coalitions economic for Australia can result in some unexpected troubles.

Prof. Stiglitz appreciated the Federal Labor's national economic management strategy, including $42 billion stimulus package for coping up with the financial crisis. On the other hand, he did not support the coalition's economic ideas as he held the federal opposition responsible for encouraging the so called “architects of the global financial crisis”.

He specifically said that former advisers to Presidents Ronald Reagan and George W Bush, Martin Feldstein and John Taylor, contributed a lot in making the policies of deregulation that led to the terrible crisis.

Talking about the coalition, Prof. Stiglitz shared that encouraging “architects of the global financial crisis” means that the economic ideas can result in major monetary troubles for the nation on the whole.

The comments of Prof. Stiglitz are noteworthy, as he has also been the head of UN's Commission of Experts on Reforms of the International Monetary and Financial System in 2009.

He added that others, i.e. labors, worked remarkably for improving the condition of the country during such a difficult time that was faced after the crisis. Also, coalition praised the economic advisers whose policies led to the present "economic mess" in America.