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Janet Yellen is a very highly-regarded academic economist, and was famed for the depth of her preparation, both when she used to teach at Harvard, LSE and elsew
by seanhunter 6y ago
Janet Yellen is a very highly-regarded academic economist, and was famed for the depth of her preparation, both when she used to teach at Harvard, LSE and elsewhere, when she was an economic advisor and as a fed chair.
She studied under a nobel prizewinner and is co-author on many papers with her husband George Akerlof, who is also a nobel prizewinner. She's no intellectual lightweight.
I'd be really surprised if she hasn't done the work to understand these details.
- ilaksh 6y agoHas she ever written a paper or made a comment about cryptocurrency that evidences any significant depth of understanding? Her eminence in the traditional field could actually be detracting from her willingness to explore and accept disruptive new developments.
- avmich 6y agoYes. If Yellen is so competent as she seems to be - to many, including myself - I'd like to listen to her explanations why arguments in favor of cryptocurrencies aren't good enough. After all, there are some ideas behind Bitcoin, some explanations of benefits, which apparently bring some people to cryptocurrencies even without get-rich-quick hopes. What are Yellen's answers to those requests which led to creation of cryptocurrencies?
- jjeaff 6y agoTo understand the economic implications of cryptocurrency, all you would need to know is that it is a decentralized currency that can't be controlled by any one entity and that is frequently used for crime because it is psuedo-anonymous. I don't see how knowing any of the technical details would make any difference in her expert analysis.
- ilaksh 6y agoThose are not all of the salient facts about Bitcoin and Ethereum. Not even close.