Nobel Prize-winning economist Robert Shiller raised concerns about repercussions of the West confiscating Russian assets.
    • Xavienth@lemmygrad.ml
      13·
      10 months ago

      That’s because the “Nobel Prize winner” is a Nobel Prize of economics winner. Be like saying “Nobel Prize winner of putting circles into round holes says xyz”

      • albigu@lemmygrad.ml
        7·
        10 months ago

        It’s not even a proper Nobel Prize, it’s called something like “The Nobel Memorial Prize in Economic Sciences” and there’s plenty of petty bickering over whether it’s a valid prize. Not that Nobel Prizes are inherently perfect either, but even those people don’t want much to do with these guys. It’s the prize equivalent of a Harvard PhD.

  • 201dberg@lemmygrad.ml
    8·
    10 months ago

    Tinfoil hat time, but with the talk I have been hearing about a new, fully electronic currency, I wouldn’t be surprised if they were trying to tank the dollar after transferring as much of their wealth to physical materials. This further fucking over the working class who’s saving are mostly in banks and stocks which will all be fucked by the crash when they finally let it rip. The whole things held up on fake money and fake stocks anyway. The truly wealthy have been buying up all the houses and land. Everyone that sold their house for triple its worth is about to watch those dollars turn to dirt in their hands while the people who now own that land have something of real value when they come out with the new currency.

    Ok, tinfoil off now. Please assume the above was rambled out by a mentality unsound person standing atop a street corner.

  • tacosanonymous@lemm.ee
    321·
    10 months ago

    "In a recent interview , Shiller warned that this move might lead other nations to perceive the U.S. as a less reliable partner.

    They may fear that what is happening to Russia could happen to them as well, potentially undermining the United States’ position in the global economy. This apprehension could have significant consequences for the stability and strength of the dollar in international finance"

    Speculation based on a hypothetical. Duly noted.