Thursday, May 3, 2012

Guest Post: Gold Standard for All, From Nuts to Paul Krugman

Via Amity Shlaes' Bloomberg News Column,
Nut cases. That’s what they are. And if you take an interest in them, you are a nut case, too.
That’s the consensus among credentialed economists who describe advocates of a return to the monetary regime known as the gold standard. In fact, the economic pack will marginalize you as a weirdo faster than you can say “Jacques Rueff,” if you even raise the topic of monetary policy in relation to gold.
An example of such marginalizing appears in

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