Benko: A Gold Standard Love-In
Last month, Cato conducted its thirty-first annual monetary conference on the topic “Was the Fed AYou must Subscribe or log in to read the rest of this content.
Last month, Cato conducted its thirty-first annual monetary conference on the topic “Was the Fed AYou must Subscribe or log in to read the rest of this content.
5 comments
I think it is important to be as complete in discussing economic views. The writer above calls Krugman the most partisan of all, yet if you go to the Econ Journal Watch, which you quote, you will note that writers, Klein and Barlett, also describe Krugman as “brilliant, outspoken, relatively candid, industrious, highly visible and influential.”
That’s enuff for me to believe in Krugman.
I will never believe in trickle down economics, or the idea that less government is better. We are enmeshed in government up to our asses including farmers with their subsidies, homeowners near the beach with their flood insurance, and the Fortune 500 who use tax loopholes and move offshore to enrich themselves. It’s not just the poor who use government, it’s the middle class and well-off as well. It’s the government who lets us use the mortgage deduction and real estate as a tax shelter. I kinda like that every April 15.
I challenge you to unravel this ongoing social contract between the people and the guvmint without upheaval and riots in the streets. I double dare you Republicans to do so.
I’m convinced that all these gold bugs bought into those commercials on Fox News saying “BUY GOLD NOW” only to be burned by the drop in price and hoping that all these gold standard articles will inflate the price again.
“Meanwhile, from his ivory tower in Princeton, New Jersey, Paul Krugman”
lol
e: copy/paste from the article is broken
Is there enough gold to back the dollars in circulation?
An incomprehensible crock, as if Keynes’ opinion about India’s gold standard in 1913 was more important than his essay on the end of the Gold Standard in 1931, let alone Keynes’ later thoughts on dealing with a depressed economy in 1936.
When I saw the name Benko, I was kind of hoping for Pal Benko, the chess grandmaster. But this guy is impressive. Almost too many quotes and links, but it’s worth it for his commentary.