Nobel Committee awards 3 Am. Keynesian Economists, 1 for 'predicting' the Housing Bubble...in 2005, when Ron Paul did in 2001!Submitted by AnCapMercenary on Tue, 10/15/2013 - 09:14
The Mises View: "Fama, Hansen, and Shiller" | Mark Thornton
Published on Oct 14, 2013
Mark Thornton discusses the three American winners of the 2013 Nobel Memorial Prize in Economic Sciences. Thornton is a Senior Fellow at the Mises Institute. For more information, visit the Mises Institute online at mises.org.
Yay! NeoCon Keynesian U of Chicago wins Nobel Econ Prize, again! Yay!
VOMIT: Yeah, like they were the most vocal critics of the dangers of housing bubble and collapse, before they occurred, say vs. Dr. Ronald Ernest Paul, or Peter Schiff and everyone else in the Austrian School??
Nobel Prize U.S. winner warns of 'bubbly' global home prices
Photos of the 2013 Nobel Prize laureates in Economic Sciences Eugene Fama (L-R), Lars Peter Hansen and Robert Shiller are displayed during a news conference at the Royal Swedish Academy of Sciences in Stockholm October 14, 2013. REUTERS/Claudio Bresciani/TT News Agency
By Alister Bull and Johan Ahlander
WASHINGTON/STOCKHOLM | Mon Oct 14, 2013 2:55pm EDT
(Reuters) - One of three American economists who won the 2013 economics Nobel prize on Monday for research into market prices and asset bubbles expressed alarm at the rapid rise in global housing prices.
Robert Shiller, who shared the 8 million Swedish crown ($1.25 million) prize with fellow laureates Eugene Fama and Lars Peter Hansen, said the U.S. Federal Reserve's economic stimulus and growing market speculation were creating a "bubbly" property boom.
The Royal Swedish Academy of Sciences lauded the economists' research on the prices of stocks, bonds and other assets, saying "mispricing of assets may contribute to financial crises and, as the recent global recession illustrates, such crises can damage the overall economy."
This was the case in the collapse of the U.S. housing market, which helped trigger the 2008-2009 global financial crisis. Markets are at risk of committing the same error now, Shiller told Reuters after learning he had won the Nobel prize.
Shiller's work led him to suggest in 2005 that the U.S. housing market might be overheating. He helped create a closely watched gauge of housing prices, the S&P Case/Shiller Index.
2005?? Pfft! Try 2001 and 2003, ya Keynesian fraud statist buttheads!
Where's Dr. Ronald Ernest Paul's Nobel Prize in Economics, ya turds!!??
Ron Paul accurately predicts the US economic meltdown 10 years ago
Uploaded on Jun 12, 2011
This video reveals Ron Paul's opinion about the "housing bubble" in 2002 and 2007, his opinion of the rationale and threat from Iraq in 2002, his amazing statement in 2007 at a presidential debate that Osama bin Ladin was hiding in Pakistan, and additional predictions that are coming true today.
If you're tired of electing officials who don't know what they are doing, take a look at Ron Paul. No other candidate for President has his principled voting record, and nobody else has his amazingly accurate record of predictions (culled from his knowledge of history and the Austrian school of economics).
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Ron Paul's Predictions in 2001 http://www.GoldStockGuru.com
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Should have listened to this man. Austrian economics ftw.