Nobel Prize-winning economist Joseph Stiglitz says US stimulus programmes have 'failed' — and that policymakers should now focus on preventing a 'lost generation' of workers

· Nobel Prize-winning economist Joseph Stiglitz said in an interview with CNBC that US stimulus programmes have "failed, and we have to admit that."
· The US has launched $2 trillion worth of stimulus, and another $3 trillion package is set to be voted on by the Senate.
· Stiglitz, who won a Nobel Memorial Prize in Economic...