2011-09-09ft.com

FT on Krugman discovering why gold profits from "deflation" (an actually nonsense use of the term, as you'll see in the article, we are talking about financial effect and the resultant seeking of safe havens). Of course, Krugman has a negative take on all this, and seeks to discredit gold's role in responding to/signalling inflation (which, if you look at gold's behavior outside of a gold-backed scenario, also holds true).



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