Everyone Should Be Thrilled by the Collapse of Gold - Business Insider
On Friday, when the price of gold plunged we said it was “great news.” That crash is continuing, with gold now below $1400/oz.
The idea behind saying the gold news “great news” is basically this:
The last few years have seen a major ideological battle take place.
On one hand you have established economists, who believe the government has tools at its disposal to address a crisis. These tools include deficit spending and a violent expansion of the Fed’s balance sheet.