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> I'm not sure Krugman's reputation is as reputable as you suggest

I know that winning the Nobel Prize is not the end of the world and that there are often political motives behind these prizes (Obama anyone?), but between believing a guy who won a Nobel Prize in economics vs. believing a random guy on HN with no real argument, the choice is easy (to me at least).

To the best of my knowledge, Krugman rarely (if ever) hurls ad-hominems: he always tries to explain why he strongly disagrees with conservatives, tea party, or Obama. The adjective he uses for them almost always fit his explanations.



In economics people win for their work, not their winning personality. Krugman won for "his analysis of trade patterns and location of economic activity" - http://www.nobelprize.org/nobel_prizes/economics/laureates/2...

Hayek also won the Nobel Prize and would undoubtedly disagree with almost everything Krugman believes.

He won for "pioneering work in the theory of money and economic fluctuations and for their penetrating analysis of the interdependence of economic, social and institutional phenomena" - http://www.nobelprize.org/nobel_prizes/economics/laureates/1...

I don't believe the gold standard is a good for our mandated monetary system, but I also don't believe forced currency monopolies and gold confiscation should exist in a "free" country - http://en.wikipedia.org/wiki/Executive_Order_6102


The executive order you link to has not been in effect since the 70s.


That's not the point. The point is that the government can make it illegal to own gold by executive order anytime it wants.




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