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Atlantic columnist Michael Kinsley, in the April 2010 issue, writes an interesting piece about gold and inflation:
http://www.theatlantic.com/magazine/...ightmare/7995/
It's not really notable for its hardcore analysis (it contains very little). More interesting is its rhetorical stance. He notes that most economists (he mentions Summers and Krugman) don't seem to fear inflation. Why not, he wonders, given the mountain of personal and public debt?
But in the end, he more or less takes the "I'm just a lay person so everyone should probably listen to Krugman" stance.
It's just amazing to me that inflation and gold are still treated, even by somewhat reasonable magazines like Atlantic, as curiosities for chicken littles, when the most basic, clear-eyed, dispassionate reason reveals that inflation is already upon us (just look at the size of your candy bars, as EJ would say).
http://www.theatlantic.com/magazine/...ightmare/7995/
It's not really notable for its hardcore analysis (it contains very little). More interesting is its rhetorical stance. He notes that most economists (he mentions Summers and Krugman) don't seem to fear inflation. Why not, he wonders, given the mountain of personal and public debt?
But in the end, he more or less takes the "I'm just a lay person so everyone should probably listen to Krugman" stance.
It's just amazing to me that inflation and gold are still treated, even by somewhat reasonable magazines like Atlantic, as curiosities for chicken littles, when the most basic, clear-eyed, dispassionate reason reveals that inflation is already upon us (just look at the size of your candy bars, as EJ would say).
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