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ionwake·

Nobel laureate Robert Shiller calls bitcoin a 'contagious narrative'

Anyone else find articles like these hard to take seriously?

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Nobel laureate Robert Shiller should have a conversation with Turing Award winner Silvio Micali.

I usually stop reading when people start throwing around "big" names in an argumentativw essay. This time I disagreed so heartily that I finished reading.

Are you convincing me of a nobel laureates opinion, or are you convincing me that bitcoin is bad for The dutch economy.

I think he's just an integrated buerocrat trying to make his way in the world.

The comments said enough about this.

I feel the same way every time someone references Paul Krugman. The man is so often wrong and yet still revered by the press because he once won a "Nobel Memorial Prize in Economic Sciences", which isn't even an actual Nobel Prize.

> Nobel laureate...

Maybe we should start taking reputable people like this more seriously.

Depends. Is Shiller recommending to buy vitamin C?

The "Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel" is not a Nobel Prize.

https://en.wikipedia.org/wiki/Nobel_Memorial_Prize_in_Econom...

As the name implies, it is a prize created in "honor of" Nobel by the Swedish central bank. As such, there is an inherent ideological bias. Many would dispute the claim that it is "reputable".

Shiller is famous for suggesting that consumers don't actually know what is good for them, while the state supposedly has better information about appropriate consumption habits. He also misappropriated the word "Phishing" in this context.

https://cdn.mises.org/Review%20Essay%20Phishing%20for%20Phoo...

Another buerocrat?

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