Monday, December 15, 2008

Nobel economist calls for gold standard, blames Keynesians

John Forbes Nash Jr., Ph.D., winner of the 1994 Nobel Memorial Prize in Economic Sciences, discusses the need for gold standard or other standard capable of fighting inflation & blames Keynesian economic theories which have sold the public on the notion that inflation is acceptable, leading to bad mortgage loans which led to the economic meltdown

read more | digg story

No comments: