{"id":8849,"date":"2011-11-24T10:01:00","date_gmt":"2011-11-24T15:01:00","guid":{"rendered":"http:\/\/ssgreenberg.name\/PoliticsBlog\/?p=8849"},"modified":"2011-11-24T10:10:14","modified_gmt":"2011-11-24T15:10:14","slug":"roubini-supporters-of-a-gold-standard-are-lunatics-and-hacks","status":"publish","type":"post","link":"https:\/\/ssgreenberg.name\/PoliticsBlog\/2011\/11\/24\/roubini-supporters-of-a-gold-standard-are-lunatics-and-hacks\/","title":{"rendered":"Roubini: Supporters of a Gold Standard Are Lunatics and Hacks"},"content":{"rendered":"

The article Roubini: Supporters of a Gold Standard Are \u2018Lunatics and Hacks\u2019<\/strong><\/a>, Nouriel Roubini explains:<\/p>\n

Earlier this week “Dr. Doom” Nouriel Roubini and Currency Wars: The Making of the Next Global Crisis<\/strong><\/a> author James Rickards got into a war of words on Twitter over the return of the gold standard. (Read the exchange<\/a><\/strong>.)<\/p>\n

As Rickards explained last week on The Daily Ticker<\/strong><\/a>, he believes a return to the gold standard will do a lot to fixing the current troubles in the global financial system and the U.S. economy.<\/p>\n

In the accompanying interview with Aaron Task, Roubini continues to disavow Rickards of his claim.<\/p>\n

“That’s total nonsense.” Roubini then goes even further, calling the gold bugs who support a return to the gold standard a, “bunch of lunatics and hacks.”<\/p>\n

Why?<\/p>\n

Roubini says the gold standard would be dangerous. In fact, he claims, the gold standard was a major reason for the Great Depression.<\/p><\/blockquote>\n

Here is the video:<\/p>\n

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\r\n<\/pre>\n","protected":false},"excerpt":{"rendered":"
The article Roubini: Supporters of a Gold Standard Are \u2018Lunatics and Hacks\u2019, Nouriel Roubini explains: Earlier this week “Dr. Doom” Nouriel Roubini and Currency Wars: The Making of the Next Global Crisis author James Rickards got into a war of words on Twitter over the return of the gold standard. (Read the exchange.) As Rickards […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[166],"tags":[],"class_list":{"0":"post-8849","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-stevegsposts","7":"czr-hentry"},"_links":{"self":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/8849","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/comments?post=8849"}],"version-history":[{"count":4,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/8849\/revisions"}],"predecessor-version":[{"id":8853,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/posts\/8849\/revisions\/8853"}],"wp:attachment":[{"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/media?parent=8849"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/categories?post=8849"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ssgreenberg.name\/PoliticsBlog\/wp-json\/wp\/v2\/tags?post=8849"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}