Joseph Stiglitz has referred to the possible effects of a hypothetical victory by Donald Trump in the upcoming U.S. presidential election. The Nobel laureate specified that Trump’s threats to raise China’s import tariffs and his radical “zero-sum” view of the world could result in a fundamental shift in the current U.S. economy. Nobel Laureate Joseph…
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Argentina is reaping its first rewards in the fight against inflation, as a private consulting firm found that the inflation in food and beverages reached 0% during June’s third week. President Javier Milei celebrated this achievement, stating that his administration was rewriting economic theory and that he might receive the Nobel prize if successful. Javier…
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Major figures in the crypto space argued the Bitcoin creator was the most deserving candidate for the economic award, despite the fact Satoshi’s true identity remains unknown. Bitcoin (BTC) enthusiasts on social media platforms have reiterated their annual petition to have the Nobel Memorial Prize in Economic Sciences awarded to Satoshi Nakamoto. On Oct. 10, the…
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Three economists were awarded the Nobel Prize in economic sciences for their decades of research on societal reactions to financial crises and avoiding bank collapses. Three economists were awarded the Nobel Prize in economic sciences on Oct. 10 for their discoveries which are said to have improved “how society deals with financial crises.” Ben Bernanke,…
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Former Federal Reserve Chairman Ben Bernanke has been awarded a Nobel Prize in Economics. The Nobel Prize committee believes that he “significantly improved our understanding of the role of banks in the economy, particularly during financial crises.” Many people, however, blame Bernanke for getting us “to the brink of collapse and under a mountain of…
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Nobel Prize-winning economist Paul Krugman has compared the current state of cryptocurrency to the housing bubble and the subprime mortgage crisis. Noting that crypto lacks any real value, he said: “it is a house built not on sand, but on nothing at all.” Paul Krugman on Crypto, Housing Bubble, and Subprime Mortgage Crash Nobel laureate…
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