On the occasion of the collapse of
fiat currencies the price of gold, Business Insider caught up with Paul Krugman who expressed why people don’t like gold bugs:
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.
Well put, Paul Krugman.