this post was submitted on 09 Dec 2025
327 points (92.5% liked)
Technology
77635 readers
2851 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related news or articles.
- Be excellent to each other!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
- Check for duplicates before posting, duplicates may be removed
- Accounts 7 days and younger will have their posts automatically removed.
Approved Bots
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Krugman is a worthless hack. Sensational headline with implicit endorsement of prohibition is a prime example.
Edit about the "nobel": Everybody who's talking about this "nobel prize". There is no nobel prize in econ. It's a phony award made up by bankers. That's how pathetic the pseudo-science of economics is. They need to make up their own fake awards for relevancy. So please don't tout the phony awards of this pseudo-scientists. I could make up an award for flat earthers but that wouldn't legitimize flat earthism.
(And even if there were a nobel for econ... Who cares about awards if the underlying "science" is still trash?)
Here's one of the best traders talking about the same issue:
https://invidious.nerdvpn.de/watch?v=bMK8ct6ybjQ&t=1918
It's eloquent and funny at the same time.
I included a timestamp to jump (almost) directly to the most relevant bit (also 33m, but 31m sets up a better context for an extra 2min of time compared to going directly to the 33m mark). But the whole video is worth watching.
Yes, Krugman is a hack.
Being one of the best paid traders in the world does not necessarily qualify you to advise the government... There are plenty of morons who (for some time) are able to make a killing as a trader due to taking excessive risks and being sufficiently lucky for some stretch of time.