Paul Krugman, Nobel Luddite
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Paul Krugman, Nobel Luddite
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Re: Paul Krugman, Nobel Luddite
#2Paul Krugman is the classic example of how achieving awesomeness in one narrow field does not make you automatically even average in other fields. Those who actually study economics including those I known to have worked with Bhagvati often told me that Krugman was nothing short of genius in his field. But when you look at Krugman writing op-eds you realise that he is what Taleb would call "Intellectual Yet Idiot". Something that HN itself has in plenty.
In general there are people who think they are smart and lament that only if they had the power to fix things properly they would help the brainless masses. Krugman is not the only one though representative of that class.
Re: Paul Krugman, Nobel Luddite
#3Paul Krugman is the classic example of how achieving awesomeness in one narrow field does not make you automatically even average in other fields. Those who actually study economics including those I known to have worked with Bhagvati often told me that Krugman was nothing short of genius in his field. But when you look at Krugman writing op-eds you realise that he is what Taleb would call "Intellectual Yet Idiot". S…
Number of mainstream pundits opposing Iraq War: 1
Paul Krugman
Re: Paul Krugman, Nobel Luddite
#4Paul Krugman is the classic example of how achieving awesomeness in one narrow field does not make you automatically even average in other fields. Those who actually study economics including those I known to have worked with Bhagvati often told me that Krugman was nothing short of genius in his field. But when you look at Krugman writing op-eds you realise that he is what Taleb would call "Intellectual Yet Idiot". S…
Number of mainstream pundits opposing Iraq War: 1 Paul Krugman
A broken clock too is correct twice a day.
Clearly you have not been reading enough though. Almost all Libertarians have been opposed to Iraq war from day 1.
Re: Paul Krugman, Nobel Luddite
#5Questioning the value of a thing that has yet to prove it has a practical function doesn’t make one a Luddite (if we assume being a Luddite is a bad thing itself).
Re: Paul Krugman, Nobel Luddite
#6There are better arguments for trashing on Krugman than his opinion on Bitcoin, which means this as an attempt to ride the Krugman-trashing train to defend Bitcoin.
>If he surfed a few cryptocurrency resources he would find coherent explanations of how blockchains work in general and how Bitcoin works in particular. While it might require a little intellectual effort, it is well within the capabilities of the average Nobel laureate.
There is more to understand about cryptocurrency than the technical implementation details.
Furthermore, the technical implementation is so complicated there is no way to avoid adding yet another class of people responsible for keeping some part of the financial system running.
If anything, by saying "nobody really understands [bitcoin]" he's letting bitcoin off easy.