|
||
Relevant:
|
2010-11-30 — theglobeandmail.com
``Gold didn’t fail the central banks, Dr. Mundell says – central banks failed gold. They mismanaged it, going off gold, then going back on, then going off again – arbitrarily setting its price rather than permitting the markets to set it. In his Nobel Prize acceptance speech, in 1999, he asserted that the Fed – “the greatest agent for inflation ever created†– had bungled monetary policy so badly that it was necessarily “implicated†in the darkest moments of the 20th century: the First World War, the Great Depression and the Second World War. By this standard, a little guidance now from gold couldn’t hurt. ''
source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |