Nobel Prize in Economics goes to Obama hack

[Thrashertm]

http://blogs.wsj.com/economics/2010/11/09/nobel-prize-in-hand-diamond-gets-another-shot-at-fed-slot/

First Keynesian Krugman wins in 2008 and now this joker wins in 2010. As if we needed any more proof that the Nobel Prize is purely political. Obama winning the Nobel Peace prize after promising to escalate the wars is yet another example that we are living in bizarro 1984-world. Orwell would be proud. Maybe an Austrian economist (real economist) will win after these discredited Keynesian clowns further destroy the global economy.

[angelatc]

http://blogs.wsj.com/economics/2010/11/09/nobel-prize-in-hand-diamond-gets-another-shot-at-fed-slot/

First Keynesian Krugman wins in 2008 and now this joker wins in 2010. As if we needed any more proof that the Nobel Prize is purely political. Obama winning the Nobel Peace prize after promising to escalate the wars is yet another example that we are living in bizarro 1984-world. Orwell would be proud. Maybe an Austrian economist (real economist) will win after these discredited Keynesian clowns further destroy the global economy.

They proved that extending unemployment benefits damages the economy : :http://redstateeclectic.typepad.com/redstate_commentary/2010/10/nobel-prize-in-economics-republicans-are-right.html

[Thrashertm]

So no politics involved here? He's a hard money austrian right?

[hugolp]

There is no Nobel prize in economics. The "so called" Nobel prize in economics is in reality the central bank of Sweden prize in honor of Alfred Nobel.


They proved that extending unemployment benefits damages the economy : :http://redstateeclectic.typepad.com/redstate_commentary/2010/10/nobel-prize-in-economics-republicans-are-right.html

Yep, and once they won they said it was no always the case and that right now it was ok.

[low preference guy]

an Economics "Prize" awarded by a Central Bank. lol!


it's like Hitler giving racial integration awards

[Zippyjuan]

There is no Nobel prize in economics. The "so called" Nobel prize in economics is in reality the central bank of Sweden prize in honor of Alfred Nobel.



Yep, and once they won they said it was no always the case and that right now it was ok.

The Sveriges Riksbank made a large donation in 1968 to fund the prize in Economics Science but they do not choose the recipients of the award. Nominations are made by people in the field as well as past winners and the eventual winner is chosen by the Royal Swedish Acadamy of Sciences which also selects the prize for physics.

http://en.wikipedia.org/wiki/Nobel_Prize

You are correct in saying that it is not officially a Nobel prize though it is presented as a part of the same ceremonies.