Paul Krugman: Gold Standard Would Ruin U.s. Economy

The Republican Party plans to call for the creation of a commission that would explore the return of the gold standard, or tying the value of the U.S. dollar to the price of gold, the Financial Times reported on Thursday. Paul Krugman thinks that is "an almost comically (and cosmically) bad idea." The Nobel Prize-winning Princeton economics professor and New York Times columnist wrote in a Sunday blog post that a return to the gold standard would lay waste to an already struggling U.S.

BING NEWS:
  • Believe It Or Not, The World Is Lurching Toward A New Gold Standard
    Since the greenback’s link to gold was severed, our average historic growth rates have fallen by about one-third. Nonetheless, the contumely and scorn for gold is universal. Or is it? Events have a ...
    04/24/2024 - 11:00 pm | View Link
  • 'Is Inflation Taking Off Again?' Paul Krugman Dismisses Fears, Citing Atlanta Fed Survey
    Paul Krugman, a prominent American economist, has weighed in on the current inflation debate, citing a recent survey by the Atlanta Federal Reserve that suggests stable inflation expectations. What ...
    04/23/2024 - 6:31 pm | View Link
  • Paul R. Krugman
    For the time being, I'm not updating this site. However, you can find many of my writings and a lively discussion area at the Unofficial Page, www.pkarchive.org. Also, Mark Thoma's blog Economist's ...
    02/12/2011 - 8:35 pm | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News