4 ms·

Nobel laureate Robert Shiller calls bitcoin a 'contagious narrative' Anyone else find articles like these hard to take seriously?

fb13 5y ago
> Nobel laureate... Maybe we should start taking reputable people like this more seriously.
- abnry 5y ago
  Depends. Is Shiller recommending to buy vitamin C?
  - deleted 5y ago
    [deleted]
- aww_dang 5y ago
  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_Economic_Sciences#Relation_to_the_Nobel_Prizes 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%20Phools%20The%20Economics%20of%20Manipulation%20and%20Deception%20by%20Akerlof%20and%20Shiller.pdf https://cdn.mises.org/Review%20Essay%20Phishing%20for%20Phoo...
- Zachsa999 5y ago
  Another buerocrat?
dqpb 5y ago
Nobel laureate Robert Shiller should have a conversation with Turing Award winner Silvio Micali.
Zachsa999 5y ago
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.
- BitwiseFool 5y ago
  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.

fb13 5y ago

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

abnry 5y ago
Depends. Is Shiller recommending to buy vitamin C?
- deleted 5y ago
  [deleted]
aww_dang 5y ago
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_Economic_Sciences#Relation_to_the_Nobel_Prizes 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%20Phools%20The%20Economics%20of%20Manipulation%20and%20Deception%20by%20Akerlof%20and%20Shiller.pdf https://cdn.mises.org/Review%20Essay%20Phishing%20for%20Phoo...
Zachsa999 5y ago
Another buerocrat?

dqpb 5y ago

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

Zachsa999 5y ago

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.

BitwiseFool 5y ago
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.