Nov 21 2011 RT -- 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.
Demitiri knows his shit. Rickards knows his shit. Roubinis response the "call to athority" is a pathetic response. How many times has "science" been overturned? A group of guys who either think something, or claim something have to be challenged on the workings of that something.
Maybe Roubini knows better than to try and refute the claim that there was too much paper to cover the gold. Maybe thats why he has to use fallacies?
NicosMind 3 months ago
Being called a banker for a hundred years after the French revolution was the worst name one could be called. When all is said and done and the dust settles Keynsians will be shunned and hunted for their financial terrorism as well never to be seen again. I hope.
TheReallitycheck 3 months ago
Not only does Rickards kick Roubini's Keynsian ass, but Rickards is quite possibly the smartest guy in economics. So why shouldn't he be right while the others you cited be wrong?
Icriedtoday 3 months ago
Rickards "Gets It'. Too bad more economists don't!
ArgentPure 3 months ago
Glad to see this. My money was on Rickards all through the twitter fight.
allegrononstoppo 3 months ago 2