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Roubini = After receiving a BA in political economics at Bocconi University, Milan and a doctorate in international economics at Harvard University, he became a

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.

melony 4y ago
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.
- bogomipz 4y ago
  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.
  - homeland221 4y ago
    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.
whimsicalism 4y ago
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.
- anm89 4y ago
  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.
- pinewurst 4y ago
  Ditto - Look at Paul Krugman, who used to be academic before going full Twitter.
  - whimsicalism 4y ago
    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.
    - pinewurst 4y ago
      My point is that he was once very legit, but now he's just another social prattler.
    - JackFr 4y ago
      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.
  - JackFr 4y ago
    In general not a Krugman fan, but this is brilliant https://www.princeton.edu/~pkrugman/interstellar.pdf 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.

melony 4y ago

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.

bogomipz 4y ago
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.
- homeland221 4y ago
  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.

whimsicalism 4y ago

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.

anm89 4y ago
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.
pinewurst 4y ago
Ditto - Look at Paul Krugman, who used to be academic before going full Twitter.
- whimsicalism 4y ago
  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.
  - pinewurst 4y ago
    My point is that he was once very legit, but now he's just another social prattler.
  - JackFr 4y ago
    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.
- JackFr 4y ago
  In general not a Krugman fan, but this is brilliant https://www.princeton.edu/~pkrugman/interstellar.pdf 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.