Thursday, 1 September 2011

Note on the Gold Standard

This short note by Krugman on Iceland pretty much encapsulates what we have been writing about the Gold Standard (a 'Part 5' will follow maybe today). We will explain "why" following a Labor Standard works much better for countries with high public debt.
http://krugman.blogs.nytimes.com/2011/09/01/iceland-exits/

1 comment:

  1. This jibes with notions promoted in my upcoming book that I'm writing entitled "Kollapse: Market Mayhem and the Upcoming Economic Super Cycle Death Spiral."
    Its a superb piece of literature. I'll be sure to keep everyone posted.

    ReplyDelete