Krugman even provides a handy graphic for anybody who does not understand his point. As shown here, he has been lashing out at goldbugs for years…
Economist Paul Krugman has a message for anybody interested in gold:
I think this overlap may have more to it than people realize 6/ pic.twitter.com/UgyoOqfzf8
— Paul Krugman (@paulkrugman) October 17, 2017
For anybody who missed this six years ago, here is Krugman and Rogoff (who wrote “The Curse of Cash”), both who want to eliminate cash, ‘debating’ stimulus spending brought on by an alien invasion:
Well, the inflationistas/goldbugs are really, really annoying — all this air of having the secret wisdom when they actually haven’t a clue. And they have been a real destructive factor in policy debate, standing in the way of effective policy by raising fears of Weimar and Zimbabwe. So seeing the one thing they got right — betting on higher gold prices — turn sour is cause for a bit of celebration.
In case anybody is interested in seeeing what the Nobel Prize winning economist wrote about last, it was
politics economics in such a finely written piece that even the title spared no shortage of creativeness. Seriously, the title of his latest article is Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies:
Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies, Lies
Modern conservatives have been lying about taxes pretty much from the beginning of their movement. Made-up sob stories about family farms broken up to pay inheritance taxes, magical claims about self-financing tax cuts, and so on go all the way back to the 1970s.
But the selling of tax cuts under Trump has taken things to a whole new level, both in terms of the brazenness of the lies and their sheer number. Both the depth and the breadth of the dishonesty make it hard even for those of us who do this for a living to keep track.
Seems like somebody has goldbugphobia.