Daily Archives: January 13, 2012

Nobel Prize winners 2011 regarding EU crisis



Thomas Sargent
en Christopher Sims. Sargent (New York University) en Sims (Princeton) won the economic nobel prize for their empirical research on cause and effect in the macroeconomy. Like 17 others before them they have a very specific view on the current economic crisis and the European Banking crisis in particular. The video above is a compilation of their press conference at Princeton. While at first they acted dumb, having no opinion, later they clearly critized the EU.
Notice that they see politics, not economic theory as the foremost barrier for the solution.

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