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	<title>Comments on: Marginalized Nobel Laureates</title>
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	<description>where orders emerge</description>
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		<title>By: Justin P</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188686</link>
		<dc:creator>Justin P</dc:creator>
		<pubDate>Tue, 03 Nov 2009 16:08:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188686</guid>
		<description>Found it here.
http://hotair.cachefly.net/images/2009-03/orszag-fanniemae.pdf</description>
		<content:encoded><![CDATA[<p>Found it here.<br />
<a href="http://hotair.cachefly.net/images/2009-03/orszag-fanniemae.pdf" rel="nofollow">http://hotair.cachefly.net/images/2009-03/orszag-fanniemae.pdf</a></p>
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		<title>By: Methinks</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188682</link>
		<dc:creator>Methinks</dc:creator>
		<pubDate>Tue, 03 Nov 2009 16:00:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188682</guid>
		<description>LOL.  Soros makes relatively few but very big bets on hunches.  If they work, he looks like a genius.  He rarely hedges and I don&#039;t think his winning trades are not mostly luck.  If you start with a million people who make 50/50 bets, 50% will win every time.  Statistically, there will be a handful of people who are always in the winning group.  However, in this business, people tend to deify those who win big because most people don&#039;t have a firm grasp of probability. An aura develops around them.  It&#039;s pretty scary to watch.  Soros has come to actually believe he knows more than the market.  

Soros is not stupid, but he is given credit for a lot more intelligence, foresight and intuition than he actually possess.  </description>
		<content:encoded><![CDATA[<p>LOL.  Soros makes relatively few but very big bets on hunches.  If they work, he looks like a genius.  He rarely hedges and I don&#8217;t think his winning trades are not mostly luck.  If you start with a million people who make 50/50 bets, 50% will win every time.  Statistically, there will be a handful of people who are always in the winning group.  However, in this business, people tend to deify those who win big because most people don&#8217;t have a firm grasp of probability. An aura develops around them.  It&#8217;s pretty scary to watch.  Soros has come to actually believe he knows more than the market.  </p>
<p>Soros is not stupid, but he is given credit for a lot more intelligence, foresight and intuition than he actually possess.</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188681</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Tue, 03 Nov 2009 15:58:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188681</guid>
		<description>Better to be potentially dense and not flinging the insult at others than actually dense, unaware of it, and sounding off about how dumb others are.</description>
		<content:encoded><![CDATA[<p>Better to be potentially dense and not flinging the insult at others than actually dense, unaware of it, and sounding off about how dumb others are.</p>
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		<title>By: Methinks</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188678</link>
		<dc:creator>Methinks</dc:creator>
		<pubDate>Tue, 03 Nov 2009 15:54:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188678</guid>
		<description>You are truly dense. But, hilarious.</description>
		<content:encoded><![CDATA[<p>You are truly dense. But, hilarious.</p>
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		<title>By: Justin P</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188656</link>
		<dc:creator>Justin P</dc:creator>
		<pubDate>Tue, 03 Nov 2009 13:54:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188656</guid>
		<description>How much did Fannie pay Stiglitz for that paper? Seems like Stiglitz sold himself out and his nobel to the highest bidder.

Do you have a link to that paper btw? I can&#039;t find it on Fannie&#039;s website. </description>
		<content:encoded><![CDATA[<p>How much did Fannie pay Stiglitz for that paper? Seems like Stiglitz sold himself out and his nobel to the highest bidder.</p>
<p>Do you have a link to that paper btw? I can&#8217;t find it on Fannie&#8217;s website.</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188624</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Tue, 03 Nov 2009 03:06:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188624</guid>
		<description>&quot;Now, he works tirelessly to create the very same system that stokes Antisemitism in his homeland and that destroyed whole populations.&quot;


&quot;The Nazis killed so many Jews, yet they failed to stomp out this vermin.&quot;

They almost did.  If his dad wasn&#039;t as smart as he was, he probably wouldn&#039;t have made it out.  I&#039;m sick of arguing about this with you.  Write whatever you want to - I can&#039;t read it anymore.  It&#039;s either confused rambling arguments for the sake of argument or it&#039;s this sort of stuff, which is shocking to read from someone who talks so much about escaping such a system herself.</description>
		<content:encoded><![CDATA[<p>&#8220;Now, he works tirelessly to create the very same system that stokes Antisemitism in his homeland and that destroyed whole populations.&#8221;</p>
<p>&#8220;The Nazis killed so many Jews, yet they failed to stomp out this vermin.&#8221;</p>
<p>They almost did.  If his dad wasn&#8217;t as smart as he was, he probably wouldn&#8217;t have made it out.  I&#8217;m sick of arguing about this with you.  Write whatever you want to &#8211; I can&#8217;t read it anymore.  It&#8217;s either confused rambling arguments for the sake of argument or it&#8217;s this sort of stuff, which is shocking to read from someone who talks so much about escaping such a system herself.</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188593</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Mon, 02 Nov 2009 23:28:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188593</guid>
		<description>Agreed. 

I know of a doctor in the Bay Area that makes so much money that he&#039;s able to foul the planet with CO2-spewing vacations to the far reaches of the globe on a regular basis. 

:-D</description>
		<content:encoded><![CDATA[<p>Agreed. </p>
<p>I know of a doctor in the Bay Area that makes so much money that he&#8217;s able to foul the planet with CO2-spewing vacations to the far reaches of the globe on a regular basis.<br />
 <img src='http://cafehayek.com/site/wp-includes/images/smilies/icon_biggrin.gif' alt=':-D' class='wp-smiley' /> </p>
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		<title>By: Methinks</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188584</link>
		<dc:creator>Methinks</dc:creator>
		<pubDate>Mon, 02 Nov 2009 23:08:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188584</guid>
		<description>It&#039;s a lot of fun watching you make up stuff in your head, though.  </description>
		<content:encoded><![CDATA[<p>It&#8217;s a lot of fun watching you make up stuff in your head, though.</p>
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		<title>By: Methinks</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188582</link>
		<dc:creator>Methinks</dc:creator>
		<pubDate>Mon, 02 Nov 2009 23:07:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188582</guid>
		<description>yeah, I&#039;m not clear on that either.</description>
		<content:encoded><![CDATA[<p>yeah, I&#8217;m not clear on that either.</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188559</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Mon, 02 Nov 2009 22:06:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188559</guid>
		<description>RE: &quot;Also, it is fun to watch your twist in the winds of the hurricane you create in your head.&quot;

If not quite grasping why Stiglitz and Soros are promoting Nazism is &quot;twisting in the wind&quot;, then I&#039;m proud to say that&#039;s exactly what I&#039;m doing.  If you&#039;re happy tossing out Nazi references, enjoy.</description>
		<content:encoded><![CDATA[<p>RE: &#8220;Also, it is fun to watch your twist in the winds of the hurricane you create in your head.&#8221;</p>
<p>If not quite grasping why Stiglitz and Soros are promoting Nazism is &#8220;twisting in the wind&#8221;, then I&#8217;m proud to say that&#8217;s exactly what I&#8217;m doing.  If you&#8217;re happy tossing out Nazi references, enjoy.</p>
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		<title>By: Methinks</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188557</link>
		<dc:creator>Methinks</dc:creator>
		<pubDate>Mon, 02 Nov 2009 22:05:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188557</guid>
		<description>&quot;he&#039;s made way too much money to be stupid&quot;

Oh, I wouldn&#039;t say that.  Stupid people make money all the time.  </description>
		<content:encoded><![CDATA[<p>&#8220;he&#8217;s made way too much money to be stupid&#8221;</p>
<p>Oh, I wouldn&#8217;t say that.  Stupid people make money all the time.</p>
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		<title>By: Methinks</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188556</link>
		<dc:creator>Methinks</dc:creator>
		<pubDate>Mon, 02 Nov 2009 22:04:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188556</guid>
		<description>I don&#039;t feel compelled to explain, defend and explore your fantasy connections and accusations.  I only feel compelled to tell you that much to keep my fingers busy while waiting for a conference call.  Also, it is fun to watch your twist in the winds of the hurricane you create in your head.

Carry on.</description>
		<content:encoded><![CDATA[<p>I don&#8217;t feel compelled to explain, defend and explore your fantasy connections and accusations.  I only feel compelled to tell you that much to keep my fingers busy while waiting for a conference call.  Also, it is fun to watch your twist in the winds of the hurricane you create in your head.</p>
<p>Carry on.</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188537</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Mon, 02 Nov 2009 21:10:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188537</guid>
		<description>Was that not implicit?  Policymakers.  And appropriately so.

He&#039;s absolutely not marginalized by other economists for his economics - he&#039;s central and often cited.  Again, appropriately so.</description>
		<content:encoded><![CDATA[<p>Was that not implicit?  Policymakers.  And appropriately so.</p>
<p>He&#8217;s absolutely not marginalized by other economists for his economics &#8211; he&#8217;s central and often cited.  Again, appropriately so.</p>
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		<title>By: matt</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188535</link>
		<dc:creator>matt</dc:creator>
		<pubDate>Mon, 02 Nov 2009 21:04:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188535</guid>
		<description>Marginalized by whom?</description>
		<content:encoded><![CDATA[<p>Marginalized by whom?</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188498</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Mon, 02 Nov 2009 19:24:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188498</guid>
		<description>That was supposed to be a soft-touch motivation for you to explain more fully why the economics of asymmetric information implies Nazism.

I should have known better - I should have made that more explicit for you.

But now that it is explicit, I&#039;m curious - why does exploring asymmetric information in markets indicate that Soros is working &quot;tirelessly to create the very same system that stokes Antisemitism in his homeland and that destroyed whole populations.&quot;  Monumental accusations like that require a somewhat more rigorous defense.  I can&#039;t imagine you&#039;d be too pleased if someone just declared you were working tirelessly to recreate Nazism, and then just left it at that.</description>
		<content:encoded><![CDATA[<p>That was supposed to be a soft-touch motivation for you to explain more fully why the economics of asymmetric information implies Nazism.</p>
<p>I should have known better &#8211; I should have made that more explicit for you.</p>
<p>But now that it is explicit, I&#8217;m curious &#8211; why does exploring asymmetric information in markets indicate that Soros is working &#8220;tirelessly to create the very same system that stokes Antisemitism in his homeland and that destroyed whole populations.&#8221;  Monumental accusations like that require a somewhat more rigorous defense.  I can&#8217;t imagine you&#8217;d be too pleased if someone just declared you were working tirelessly to recreate Nazism, and then just left it at that.</p>
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		<title>By: Methinks</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188492</link>
		<dc:creator>Methinks</dc:creator>
		<pubDate>Mon, 02 Nov 2009 19:08:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188492</guid>
		<description>&lt;i&gt;I feel like I missed something.&lt;/i&gt;

Good first baby step, Daniel.  Although, missing something has never stopped you before and it&#039;s not slowing you down now.
</description>
		<content:encoded><![CDATA[<p><i>I feel like I missed something.</i></p>
<p>Good first baby step, Daniel.  Although, missing something has never stopped you before and it&#8217;s not slowing you down now.</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188462</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Mon, 02 Nov 2009 17:15:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188462</guid>
		<description>Soros is either stupid or evil and he&#039;s made way too much money to be stupid.</description>
		<content:encoded><![CDATA[<p>Soros is either stupid or evil and he&#8217;s made way too much money to be stupid.</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188424</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Mon, 02 Nov 2009 15:40:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188424</guid>
		<description>I&#039;m confused - how is being skeptical about the efficient operation of markets and consulting people who think about implications of asymmetric information the same as Nazism, anti-semitism, and Communism? I feel like I missed something. Labeling people you don&#039;t like as evil &quot;vermin&quot; isn&#039;t very good form, Methinks. In fact that&#039;s the kind of thinking that lets Nazis and Communists get into power in the first place.</description>
		<content:encoded><![CDATA[<p>I&#8217;m confused &#8211; how is being skeptical about the efficient operation of markets and consulting people who think about implications of asymmetric information the same as Nazism, anti-semitism, and Communism? I feel like I missed something. Labeling people you don&#8217;t like as evil &#8220;vermin&#8221; isn&#8217;t very good form, Methinks. In fact that&#8217;s the kind of thinking that lets Nazis and Communists get into power in the first place.</p>
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		<title>By: Anonymous</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188419</link>
		<dc:creator>Anonymous</dc:creator>
		<pubDate>Mon, 02 Nov 2009 15:32:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188419</guid>
		<description>Well no one took Stiglitz&#039;s advice on the stimulus or the banks.  I&#039;d call that marginalized from the policy discussion.

And I&#039;m glad they didn&#039;t pay attention to him.  He&#039;s over the top.  He&#039;s a good theorist, and a good economist.  He goes overboard in policy recommendations.  But there&#039;s no doubt at all he&#039;s marginalized.</description>
		<content:encoded><![CDATA[<p>Well no one took Stiglitz&#8217;s advice on the stimulus or the banks.  I&#8217;d call that marginalized from the policy discussion.</p>
<p>And I&#8217;m glad they didn&#8217;t pay attention to him.  He&#8217;s over the top.  He&#8217;s a good theorist, and a good economist.  He goes overboard in policy recommendations.  But there&#8217;s no doubt at all he&#8217;s marginalized.</p>
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		<title>By: Methinks</title>
		<link>http://cafehayek.com/2009/11/marginalized-nobel-laureates.html/comment-page-1#comment-188403</link>
		<dc:creator>Methinks</dc:creator>
		<pubDate>Mon, 02 Nov 2009 14:14:00 +0000</pubDate>
		<guid isPermaLink="false">http://cafehayek.com/?p=7107#comment-188403</guid>
		<description>Every time I see George Soros&#039; ugly mug, I want to throttle the putz with my bare hands.  

Like me, he came from the alternative to free markets.  Like me, he escaped.  He owes his entire existence and every penny of his wealth to the freedoms he attained by slithering onto these shores.  Now, he works tirelessly to create the very same system that stokes Antisemitism in his homeland and that destroyed whole populations. He wants to rob people of basic freedoms that he is wishes to buy (from politicians, of course) for himself.

12 of my family members were slaughtered in Poland.  The Nazis killed so many Jews, yet they failed to stomp out this vermin.</description>
		<content:encoded><![CDATA[<p>Every time I see George Soros&#8217; ugly mug, I want to throttle the putz with my bare hands.  </p>
<p>Like me, he came from the alternative to free markets.  Like me, he escaped.  He owes his entire existence and every penny of his wealth to the freedoms he attained by slithering onto these shores.  Now, he works tirelessly to create the very same system that stokes Antisemitism in his homeland and that destroyed whole populations. He wants to rob people of basic freedoms that he is wishes to buy (from politicians, of course) for himself.</p>
<p>12 of my family members were slaughtered in Poland.  The Nazis killed so many Jews, yet they failed to stomp out this vermin.</p>
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