Paul Krugman wedges the soaring gold price into his idea governments aren't spending and...

|By:, SA News Editor

Paul Krugman wedges the soaring gold price into his idea governments aren't spending and printing enough, i.e. a deflationary signal. Those who bought gold because of inflation worries are "right for the wrong reasons," he says. Hopefully, his analysis of the 1970s bull run is forthcoming. What might Emerson say?