New Nobel prize winning economists agree with Ron Paul?
Submitted by emazur on Mon, 10/10/2011 - 20:45http://www.youtube.com/watch?v=ch3y1-V2Lvc
These 2 economists make the point that humans are not mechanical and
think for themselves, and therefore will not respond "in a straight
line" to rigid government policies. People see the inflation induced by
government and the faux stimulatory effect quickly wears off. When
prices rise, consumers will not spend as much or demand higher wages,
which have unforseen economic problems for businesses
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Seems both of them are admired by the Swedish Central Bank!
This is not an Alfred Nobel prize.
This is a Swedish Central Bank grant of nobility benefits. Swedish taxpayers may find this royalty payment tacked onto their National Debt.
This is not a normal prize.
This is a grant that Swedish taxpayers will be billed as royal payments (part of their National Debt).
Disclaimer: I am not an accountant nor a Swedish taxpayer, but have received my own royalty payments (copyrights, patents, & trademarks).
I was never awarded royalty status; though, I was given honorary degrees from several Universities (e.g. Oxford, England, 1907).
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑
Seems one of them has spoken favorably of the Gold Standard
Check out this reason article it has the quote:
http://reason.com/archives/2011/10/10/a-nobel-for-thomas-sar...
Seems like an interesting guy.
Seems both of them are taking Swedish Central Bank handouts.
Much like their predecessors last year. Central Bank relationship is warm & friendly. Here, from last year, the Swedish Central Bank gives National Debt funds to foreigners... two Americans & a Brit.
Economics, the Dismal Science. Swedish Central Bank Settlement!
Submitted by Mark Twain 10/11/2010
Why should the Swedish taxpayers be in debt to this Swedish Bank giving away cash? Why should anyone honor their royalty payments?
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑
Nobel Winners
Congrats !! Yet, hope they understand they will now most likely never get another promotion for these views. :/
donvino
Nobility granted. Swedish Central Bank granted nobility.
Sveriges Riksbank (Sweden's central bank) Grants Nobility Favor
Taxpayers foot the bill with their National Debt.
The Alfred Nobel prize is funded from his estate by his will. Economics is not included.
The Royal Swedish Central Bank granted nobility with their make-believe cash they they make out-of-thin-air. They grant cash & nobility benefits by & by to encourage professors to wax eloquent on their monopoly-money. An average of this... A percent of that... Pretty soon the discussion seems serious enough to have some believers.
http://www.NobelPrize.org/nobel_prizes/economics/
Economics: The dismal science.
Just one year ago... as documented on DailyPaul... this Swedish Bank nobility promotional affair was flagged.
Former mentor to current Federal Reserve chairman Ben Bernanke wins Noble Economics Prize...
Submitted by highwithaltitude 10/11/2010
Daily Paul Liberty Forum
Not an Alfred Nobel Prize. More a tithe to those willing to write praises to the Central Bank of Sweden & their ilk. Paid by Swedish National debt.
Disclaimer: Mark Twain (1835-1910-To be continued) is unlicensed. His river pilot's license went delinquent in 1862. Caution advised. Daily Paul ☑