The absurds of Nobel

Periodically, at media appear the faces of several Nobel laureates and professors of economics to explain how a crisis caused by debt and spending must be solved with more debt and more spending. I mean "scientific luminaries" such as Nouriel Roubini, Joseph Stiglitz and Paul Krugman...

Sometimes I am thinking the main reason for the crisis is in thinking. Too much wrongful perceptions on reality (especially - economy) among mass people are creating expectations that do not rely with the real world principles. This leads to bad political decisions, the result of which (from the last decades) we see now. Krugman and Stiglitz are Nobel prize recipients. I think the fact that such "scientists" are with Nobel prizes, shows the complete failure of the thinking of society, which is the main reason for the crisis.

It will be good for the society and the economy if I am wrong. Let's hope I am wrong...

April 29th 2012

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