[Video] Bloomberg TV debate on gold standard w/ Jim Rickards

[tsai3904]

http://www.bloomberg.com/video/shou...the-gold-standard-wsDVrOKATTqyTaG5yBY1kQ.html

The guy Jim Rickards debated is Matt O'Brien who recently wrote the article "Why the Gold Standard Is the World's Worst Economic Idea, in 2 Charts", which he leads off with this line:

The greatest trick Ron Paul ever pulled was convincing the world that the gold standard leads to stable prices.

Best line of the debate:

O'Brien: As much money printing as it takes to prevent [deflation] is the right answer.

 

[Legend1104]

Best line of the debate:





O'Brien: As much money printing as it takes to prevent [deflation] is the right answer.

I couldn't stop laughing, and yet I wanted to cry.

Funny how someone can have so many facts and information, and yet he can get it so wrong.