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Comment by monkmartinez | Hacker News Reader

Roubini = After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became an academic at Yale and a visiting researcher/advisor at the International Monetary Fund (IMF), the Federal Reserve, World Bank, and Bank of Israel.

CZ (Binance CEO) = Zhao attended McGill University in Montreal, Quebec, where he majored in computer science.

I am not into judgements based on education alone... Especially considering the recent developments with the MIT grads at FTX. However, calling Roubini a "pop economist" is really not accurate to the slightest degree.

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You can be a pop economist and have an academic pedigree.

Nobody thinks Roubini is famous due to his research or academic work.

I fail to see how CZ's academic credentials are at all relevant. I didn't call CZ an academic economist.

In fact this is literally the only path to becoming a pop economist. You collect your prestigious degree and then realize it's a lot easier to sit on cable news and throw out crazy sound bites or write NYT articles about how the internet will never work and we need a bigger housing bubble than to do research.

Ditto - Look at Paul Krugman, who used to be academic before going full Twitter.

Ehhh, Paul Krugman is legitimately famous in his own right for his academic contributions. He would be famous even if he wasn't an NYT/Twitter warrior.

He has been incredibly influential in neo-keynesianism. Roubini has nothing like that.

My point is that he was once very legit, but now he's just another social prattler.

I took his International Macro class in grad school. He was a great teacher and gave possibly the hardest multiple choice test I’ve ever taken for the midterm.

In general not a Krugman fan, but this is brilliant

https://www.princeton.edu/~pkrugman/interstellar.pdf

The Theory of Interstellar Trade, in which he develops a theory of trade where differences in time due to relativistic speeds is considered.

Long Term Capital Management was ran by Nobel laureates in economics (or its equivalent), it was FTX before FTX was a glimmer in SBF's effective altruism narrative. Academic authorities these days are not worth appealing to.

I don't really understand the comparison of LTCM to FTX. Long Term Capital Management was a hedge fund. Hedge funds entire model are based on leverage and making big bets. Its customers were wealthy accredited investors and institutional investors who well understood this and understood the risks associated with hedge funds. FTX's customers had no such understanding that their deposits were being loaned out and used for making big bets.

Reading up what available publicly on FTX saga, it is clear they do make big bets in cryptos while misusing their funds. We will wait for the FTX book written to know more detail.

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