Tuesday, October 11, 2022

Mocking The Nobel Prize

The German Business News thinks Ben Bernanke's Nobel Prize in Economics is a mockery of the institution:

As the supreme guardian of the currency, Ben Bernanke first slept through the financial crisis of 2008 and was then responsible for the multi-billion dollar bank bailout. This laid the foundation for today's double-digit inflation and the coming financial market crisis. The Nobel Prize in Economics was awarded for this.

Source - https://deutsche-wirtschafts-nachrichten.de/700644/Der-blanke-Hohn-Wirtschaftsnobelpreis-fuer-Ben-Bernanke

2022 is a year when neither the economics or peace prizes should have been awarded.

Update - 10/13/2022

Some in the US agree:

https://quoththeraven.substack.com/p/ben-bernanke-winning-the-nobel-prize

I think the criteria is "those who, during the preceding year, shall have conferred the greatest benefit on mankind." Does Bernanke meet this? I don't think so.

It's like Obama ad-Dajjal's peace prize; it did NOT meet Nobel's basic criteria. But they awarded it anyway.

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