An Economics Nobel for and by Central Bankers

"The committee that awards the Nobel Prize in economics announced Monday it has chosen three U.S. economists for the 2022 prize [including] former Federal Reserve Chairman Ben S. Bernanke, ...The award is for 'research on banks and financial crises.'... 

    "The Nobel Prize in economics is funded not by the Nobel Foundation but by Sweden’s central bank. I don’t usually think that matters, but in this case I wonder if it does. The 2022 award seems to be an affirmation by central bankers of the value of central banking."

~ David R. Henderson, from his op-ed [paywalled] 'An Economics Nobel for and by Central Bankers'

 MISHTALK: