Nobel Prize-winning economist Joseph Stiglitz was Amy Goodman’s timely guest on “Democracy Now!” on Thursday, giving his much-needed perspective on the proposed 2012 budget and his must-read Vanity Fair article, “Of the 1%, by the 1%, for the 1%.”

Watch the clips below and click here to read the full transcript. –KA

Democracy Now! via YouTube:

Part 1:

Part 2: