Ben Bernanke, the Federal Reserve Chairman and architect of the 2008-2010 Wall Street bailout, received the highest award in economics.

Giving Bernanke the memorial Nobel in economics for the study of financial crises is the econ equivalent of giving Kissinger the Nobel peace prize

— Nathan Tankus (@NathanTankus) October 10, 2022

Mr Bernanke's research showed how bank runs had prolonged the Great Depression in the 1930s. He later applied some of those lessons during his time at the US Federal Reserve, which he led from 2006-2014.

Ben Bernanke wins the economic Nobel Prize at the very moment when the global financial system is (once again) on the edge due to the misguided monetary policies he and other central bankers spearheaded.

This is a bankruptcy moment for central banking and the economics Nobel. https://t.co/lfKDV8NZyv

— Sridhar Vembu (@svembu) October 10, 2022

Bernanke winning a Nobel Prize is as big of a joke as Ukrainian President Zelensky getting nominated for a Nobel Peace Prize, and having his nomination be taken seriously.

Ukrainian President Volodymyr Zelensky, who was on the 2022 TIME 100 list, is the bookmakers’ favorite to win the peace prize.

He was nominated for the Peace Prize the same week that he called on Western allies to launch a nuclear first strike against Russia.

Ukraine went into damage control mode after remarks by President Volodymyr Zelenskyy were interpreted as him calling for the West to take “preventive strikes” against Russia, prompting a fierce response from Moscow.

Zelenskyy spoke Thursday via video link to the Sydney-based Lowy Institute, saying through an interpreter that to deter the use of nuclear weapons by Russia, NATO and the international community must take “preventive strikes,” before the interpreter corrected themself to say “preventive action.”

I watched the clip. There was no misunderstanding.
As a counter-example, consider who wasn't considered for the Nobel Peace Prize - Cuban doctors.

Venezuela has been unable to purchase COVID-19 vaccines because of U.S. sanctions. U.S. sanctions on Iran are very similar. The idea behind these sanctions is to force either regime change, or mass deaths in these countries.
That seems to be how things were going to play out, until Cuba threw a monkeywrench into those plans. First with Iran.

Iran received a large shipment of COVID-19 vaccines from Cuba on Thursday.

Then yesterday, Cuba meddled with our Venezuela regime change plans. Cuba has developed multiple vaccines for Covid (the only Latin American country to do so), despite being under a brutal blockade that has caused a syringe shortage, and that's not all.

Cuba can’t buy ventilators needed for critically ill COVID-19 patients. Two Swiss manufacturers stopped selling ventilators to Cuba after a U.S. company bought them all up. But Cuban technicians devised their own ventilator model, which is in production now.

While almost every other nation on Earth responded to the pandemic by shutting borders and access, Cuba responded in EXACTLY the opposite way: Cuba sent out thousands of doctors to over 40 nations, and in doing so, saved countless lives.

Yet even wealthy, western nations like Andorra and Italy have welcomed Cuban medics to help fight the pandemic, as have countries that are not politically aligned with Cuba, such as Peru.

The success of the medics has been a setback for the administration of U.S. President Donald Trump, which launched an unprecedented campaign against Cuba’s medical missions in recent years, citing what it calls their exploitative labor conditions.

Try to imagine how that must look to almost every other nation on this planet.
A tiny David-size nation, trying to save lives, standing up to a Goliath-sized nation, determined to end lives.

Washington put heavy pressure on any right-wing government in Latin America to get rid of these Cuban doctors, just as the pandemic hit.
When Bolsonaro took power in Brazil, 8,300 Cuban doctors were kicked out.
After the right-wing coup in Bolivia, 700 Cuban doctors were kicked out.
Hundreds more were kicked out of Ecuador when a neoliberal won the election.
In every case, kicking out the Cuban doctors during a pandemic cause massive losses of life.

Ecuador is one of a handful of U.S. allies that fell in step with the Trump administration’s zero-tolerance policy on Cuba, bringing an end to agreements that filled understaffed clinics and hospitals from the snow-capped Andes to the sweltering Amazon with thousands of doctors and nurses trained by the communist state.

Now that country, and South American neighbors Brazil and Bolivia, are struggling to cope with outbreaks of the coronavirus that have overwhelmed hospitals and, in Ecuador, left bodies in the streets. The surge in cases and deaths, expected to climb in the coming weeks, has partisans arguing over a highly politicized question: Could those doctors and nurses now be saving lives?

“When they left, there were no specialists to replace them,” said Ricardo Ramírez, a retired physician in Ecuador’s hard-hit city of Guayaquil and head of a regional Anti-Corruption Commission. “It’s one important factor why we can’t provide an adequate response to the virus now.”

Brazil tried, and failed, to replace the Cuban doctors. In the end, when Covid had gotten completely out of hand, Brazil had no choice but to rehire 1,800 Cuban doctors.