So the  Swedish socialists at the Swedish central bank who hand out Nobel Prizes in economics have chosen as a co-winner this year one Robert Shiller, whose writings argue that central banks are not culpable in any way with boom-and-bust cycles in the economy.  They are caused by periodic episodes of collective insanity and “animal spirits,” says this new Nobel laureate “economist” who is not even an economist.  I suppose one of his policy recommendations might be to limit grains in our diet since that is what is fed to hogs, horses, and cows.

The Best of Thomas DiLorenzo