4 ms·
Bits and Barbarism
- pnathan 13y agoWhat an odd piece. I wish he had given some rationale for his attack. It's a badly fallacious argument as it stands (perhaps he has written more technical and correct essays elsewhere?).
- ArkyBeagle 13y agoI expect he assumes you are already familiar with Keynes: "In truth, the gold standard is already a barbarous relic. Monetary Reform (1924), p. 172" ( cut & paste from Wikiquote ) Krugman is directly opposed to hard-money thinking, which he views as in the ascendant.