I’ve often been baffled by economists, who comport themselves as super-smart academics who have everything figured out, but in practice make claims that are absurd, predictions that are incredibly, obviously stupid and wrong, and analyses built on unreasonable, imagined bases. In today’s post, Paul Krugman (an economist with the distinction of having won the fake Nobel economists invented) finally admitted:
“In a 1999 book titled, simply, “Why wages don’t fall during a recession,” Yale’s Truman Bewley did something unusual for an economist: He talked to people.” (emphasis added).
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The “Nobel prize in economics” is not a real Nobel prize. It’s actually the “Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.” Nobel Prizes began in 1901; the economics one was created by a bank in 1968. To be fair, they managed to weasel it into the general idea of Nobel Prizes, but in my opinion, “weaseling things in” is modus operandi for the economics field.
