Tweet takedown of the day: Krugman and the gold standard
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