Nouriel Roubini turns James Rickard's Currency War into a Twitter War: Gold vs. Paper!
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Uploaded by RTAmerica on Nov 21, 2011
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Yesterday, Nouriel Roubini decided to ask James Rickards, author of "Currency Wars," why he advocates for a return to the gold standard in his book "currency wars," when it was this return to gold that was a direct cause of the Great Depression. James Rickards responded by pointing out that it was not the return to gold, but rather the return to gold at the pre-WWI price that necessitated deflation, which exacerbated the depression. Nouriel then went to town on Rickards with, what became, full out, personal insults. He called James Rickards "arrogant" and said that the Wizard of OZ is a better read for those who want to understand the gold debate than Currency Wars.
- 60 likes, 7 dislikes
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Top Comments
All Comments (76)
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Roubini is wrong. How can a precious metal cause a recession? It is the dopey government who more often than not steps in to "control" the markets and really Fs things up...
Roubini you are too academic!
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If Keynesian Economics is really true Economics, we would not have such problems in the world!!!
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Roubini is wrong
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Roubini NYT Krugman NYT propaganda
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@beretboy22 Roubini's entire argument was an appeal to alleges authority. Citing a man in Bernanke who has been nuclear-grade wrong on every major economic event since his time in D.C. is more than a little bit laughable.
Try reading through some of the work of Rothbard, Hayek, Mises, Rickards, et al. before you dismiss them out of hand. They were generally right in their long-term predictions. The Keynesians and to a lesser degree the monetarists have been wrong in their predictions.
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So Nouriel Roubini doesn't get it but this douchbag does? Yeah...Right
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if the FED could print wealth out of thin air without producing something, why can´t i print the dollar out of thin air as well?
oh wait, since when printing paper is considering as wealth? yea, since one super power could bitch slap someone with military power
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I really wish they'd replace this woman.
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Rubini...buddy...pal...putz...
...start by reading rickards' book.. -
@KonaChuck22 Please check some of my other comments: they are still on page two, thanks.
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GOLD IS NOT MONEY!!!
printed green paper with illuminati pyramids and eyeballs is money... at least according to Greenspan et al...
bluesgurugod 3 months ago 20
Say WHAT? The Gold standard caused WHAT? The great depression? With this outburst of ego, Roubini is among Rickard's first trophy-casualties. Roubini clearly does not understand gold's monetization, a word that should not even exist. Gold IS money, has always been money, we should not even be discussing gold in the twilight zone framework of gold becoming money. Count Roubini is an academic who misses it. There only ever is one global currency and officially or not, its backed by gold.
SaneBoomer 3 months ago 12