Gold’s remarkable year
Gold truly enjoyed a remarkable 2024, relentlessly powering higher to many new records.
Paul Krugman leaned into the gold standard calling it a “. . .very bad, no good, truly awful idea” after word came that the Republicans may add it to their party’s platform.
Krugman argues that the gold standard in the past never brought price stability. Rather, the last few years under Ben Bernanke have seen markedly stable purchasing power compared to previous decades.
(Krugman has tangled with gold backers in the past, notably Ron Paul.)
The column also inspired tweet takedown of the day:
Image of Amateur Boxing Club, Porthaethwy
