Statists salue their own. From Doug Casey at caseyresearch.com:
Justin’s note: Two Americans just won this year’s Nobel Prize in Economics.
William Nordhaus, one of the recipients, was awarded the prize for his work on climate change. Paul Romer, the other recipient, won for research on how regulations and policies can encourage new ideas and long-term prosperity.
The Royal Swedish Academy of Sciences, which selects the recipients, called these the “basic and pressing” economic issues of our time. And I believe many people would agree with that statement.
But Doug Casey isn’t one of them. I know because I recently spoke with Doug about this topic. And, as usual, he had some interesting things to say. See for yourself in today’s Conversations With Casey.