Goldbugs are really, really annoying

by pdxblake

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.