by Jeff Berwick, The Dollar Vigilante:
The way economist Paul Krugman sees it, “fiat currencies have underlying value because men with guns say they do.”
No, we aren’t paraphrasing. Yes, that’s a DIRECT quote. Krugman actually spoke the truth for once.
It’s quite rare for someone to be so ridiculously bad at predictions and still be widely considered an “expert” but somehow, the dishevelled New York Times columnist who was wrong about the Internet, wrong about the 2008 financial crisis, and wrong about Trump, is finally right about something.