I like how the New York Times journalist asked about practical applications and he rambled on about a bunch of theoretical bullshit. I'm sorry, but what a complete avoidance of the question.
Erm, have you even read any of Diamond's work? His General Equilibrium model (Diamond Model) is one of the very few which completely models the actions of consumers and producers over time. The guy is a genius and fully deserves his Nobel. Also your comment "Economists contributed best performance" is absurd, GDP per capita in these emerging economies is extremely low and convergence is completely expected...Dont forget that the west went through a similar transition.
Be fair, Economics Nobel Prize should be awarded to those Economists contributed best performance of economy to their countries, such as china,russia,brazil and india rather than those economist done bad job causing all financial crisis trouble in the world,like USA, UK and Europe 5 PIIGS. What the f is Nobel Economics prize means in these days. Always go to those economists coming from nations with poor performance economy. Their theories re bullshit & done no good to their countries!!!
@scottysmo88 I saw another clip where Friedman says that we should abolish the fed. To me, this is strange because he himself was a monetarist. Search "Abolish the fed" in youtube.
oh nice press con.
lovelplants 2 weeks ago
Amazing!
potpie921 3 months ago
Superb... :)
AnkitMichael 5 months ago
@TheMediator888 have you ever READ a published economics paper? You should not try to talk about something you obviously don't understand.
chockosf 8 months ago
@TheMediator888
Be fair to the Economists mate. It is the politicians that screw the economies up, not the economists.
deployment1 9 months ago
I like how the New York Times journalist asked about practical applications and he rambled on about a bunch of theoretical bullshit. I'm sorry, but what a complete avoidance of the question.
MrMustard12345 11 months ago
@TheMediator888
Erm, have you even read any of Diamond's work? His General Equilibrium model (Diamond Model) is one of the very few which completely models the actions of consumers and producers over time. The guy is a genius and fully deserves his Nobel. Also your comment "Economists contributed best performance" is absurd, GDP per capita in these emerging economies is extremely low and convergence is completely expected...Dont forget that the west went through a similar transition.
thediplomatful 11 months ago
@rainzoro Abolish the Federal Reserve gets many killed or fired!!!!!
doughauf 1 year ago
Be fair, Economics Nobel Prize should be awarded to those Economists contributed best performance of economy to their countries, such as china,russia,brazil and india rather than those economist done bad job causing all financial crisis trouble in the world,like USA, UK and Europe 5 PIIGS. What the f is Nobel Economics prize means in these days. Always go to those economists coming from nations with poor performance economy. Their theories re bullshit & done no good to their countries!!!
TheMediator888 1 year ago
@scottysmo88 I saw another clip where Friedman says that we should abolish the fed. To me, this is strange because he himself was a monetarist. Search "Abolish the fed" in youtube.
rainzoro 1 year ago