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The Revere Award for Economics (Poll Closed)

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Total Votes: 5,062
3 Comments

  • mannfm11 - 14 years ago

    Steves 1995 writing literally predicted what Bernanke called "The Great Moderation". The best blow by blow description of the bubble was written by Doug Noland of Prudent Bear, who I started reading in 2001. Doug deserves to be in this group. http://www.safehaven.com/author/2/doug-noland If you go back to 2001, he speaks of the driver of the bubble of the 1990's, the US GSE's, mainly FNMA and FHLMC. Rickenbacher deserves much recognition as well and Minsky's book, "Stabilizing an Unstable Economy" was literally a blow by blow of what happens after a period of financial innovation. You would have thought he watched this 25 years ago. My vote goes to Steve because of his apparent foresight and lack of financial motivation in his work. Most of these other guys were either late comers or they appear to be trying to win some award. The exception is Michael Hudson of the group I have knowledge. Hudson calls a spade a spade and I appreciate his insight into debt problems arouond the world. There were several that saw it coming. They just didn't endorsed the party line.

  • Debt Deflation - 14 years ago

    An economy built on DEBT is a false economy.

  • Rune Skarstein - 14 years ago

    I think that the list of names to choose among is not adequate. In this list, economists such as Hyman Minsky (although he is dead), Erik Reinert, and Richard Bookstaber should have been included. Best regards Rune Skarstein

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