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Yes, having a Nobel Prize in economics doesn't make him right every time. But at least he doesn't have a direct financial incentive to be wrong.
by zeteo 14y ago
Yes, having a Nobel Prize in economics doesn't make him right every time. But at least he doesn't have a direct financial incentive to be wrong.
- VMG 14y agoHis incentive is his reputation among peers.
- deleted 14y ago[deleted]
- ebbv 14y agoWhich would be damaged if he were wrong. So his motivation is to be right, not to dismiss BitCoin.
- fnordfnordfnord 14y agoIf you turn out to be wrong, along with everyone else in your cohort, that's okay (you can't win them all). It's being wrong, while going against the majority of your peers that gets you laughed at.
- ExpiredLink 14y ago> Yes, having a Nobel Prize in economics doesn't make him right every time. Yep, he proved that several times when he wrote about the imaginary Euro crisis.