I thought after Jimmy Carter was given a Nobel Peace Prize we couldn't consider that award as a validation of anyones ability ?
Any other reason Milt may be right ?
A couple of things to note - science Nobel prizes don't have the same problem with political correctness that the literature and peace prizes do. Economics is only sort of a science (and I say that as some who has done graduate work in the field). It is certainly more scientific that social(ism)ology - i.e. accuracy of predictions do matter in the field. Also, given our historical experience of alcoholprohibition we ought to catch a clue. Namely, prohibition raises prices and profits for those willing to break the law, thus attracting organized crime. IMHO the cure is worse than the disease, and that is where Milton and I agree.