Bernanke, Diamond, Dybvig share Nobel prize in economics

[Farmer-Rick]

9. It does not use Nobel's money

And wasn't established by Nobel.

It is funded by a bank.....a bank.....

I think it does use the same Nobel committee but if you have a link to confirm this it would be more believable. I couldn't find one. Just vague comments about it being awarded like the other established awards. Which doesn't mean it uses the same foundation.

If a bank can start a Nobel prize what's stopping any rich man from doing it? What about a rich church starting a Nobel? I mean it seems that it only takes some money.

You wouldn't have to use the same Nobel committee. You could just call it in honor of Alfred Nobel. How about the Trump award for confidence schemes in honor of Nobel? I'm sure Trump and Putin would be willing to pay for it.