Two Americans [Anti-Keynesians] Win Nobel Prize for Economics

Gateway Pundit has this:

Two anti-Keynesians won this year’s Nobel Prize for Economics.
Investor’s Business Dailyreported:

Failed Policy: The Nobel Prize for Economics goes to two Americans who have separately exposed the flaws in government stimulus spending. For a Keynesian president, it’s the Anti-Peace Prize.

When President Obama was awarded the Nobel Peace Prize during his first year in office, detractors said it was for doing nothing.

That can’t be said for Thomas Sargent of New York University and Princeton’s Christopher Sims, whose macroeconomics work has been of invaluable help to central bankers and other economic policymakers, and for which they now share this year’s economics Nobel.

Sargent’s discoveries in particular echo the rationale Republican leaders in Congress have presented in opposing the massive Democratic stimulus spending during the first two years of the Obama administration — that such spending seeks to give the economy nothing more than what House Budget Chairman Rep. Paul Ryan over the weekend aptly called a “sugar high.”

…(read more)…

Here is a good (as good as an economist’s presentation can be) presentation by Thomas Sargent: