Paul Krugman’s Ad Hominem Defense of Central Banking

by Richard M. Ebeling
The American Institute for Economic Research

One of the sorriest aspects of almost all political discussions nowadays is how often they seem to degenerate into rude ad hominem attacks rather than more reasoned arguments over the pros and cons of what public policies might be most conducive to achieving various social and economic goals.

An example of this is an opinion piece by economist Paul Krugman in The New York Times (July 13, 2020), in which he asserts that those who question the current system of central banking and wide discretion by the monetary central planners are all reduced to the name calling of being, “Goldbugs for Trump”.

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