Flashback 2007 . Nobel Prize Winning Economist Joseph Stiglitz : “Venezuelan President Hugo Chavez appears to have had success in bringing health and education to the people in the poor neighbourhoods of Caracas.”

Breitbart reports:

The economist Joseph Stiglitz, a recipient of a Nobel Laureate, praised Hugo Chávez’s socialist policies whilst on a visit to Caracas in 2007.

Speaking at a World Economic Forum, Stiglitz said: “Venezuelan President Hugo Chavez appears to have had success in bringing health and education to the people in the poor neighbourhoods of Caracas.”

“It is not only important to have sustainable growth, but to ensure the best distribution of economic growth, for the benefit of all citizens.”

In the run-up to last year’s presidential election, Stiglitz served as an advisor to Hillary Clinton’s unsuccessful campaign on economic and trade issues.

Another failure for Joseph Stiglitz, who might be one of the worst economists of the last 80 years. For you rookies out there, you are better off fading Comrade Stiglitz's advice.