Robert Schiller

Political reality ignores Nobel winner wisdom

Political reality ignores Nobel winner’s wisdom

WASHINGTON | By Pablo Pardo | Robert Schiller has always been an advocate of a moderate government intervention in financial markets. He also criticised the Federal Reserve’s Quantitative Easing (QE) because he considered that asset prices are not among the areas of central banks. However, political reality seems to go in the opposite direction of the new Nobel winner.