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With this year's awarding of the Nobel Prize in economics to Ben S. Bernanke, Douglas W. Diamond, and Philip H. Dybvig the Swedish central bank is celebrating not only modern central banking with the 2022 Nobel, but also essentially mistaken theories of banking. In his article for the Mises Wire Kristoffer Mousten Hansen concludes this as symptomatic of the general trend of economics, and nowhere is the distinction and superiority of the Austrian school more evident than in the case of monetary theory.