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Mises Economics Blog

Can You Hear Gold Laughing at Bernanke?

January 20, 2008 8:05 PM by Karen De Coster | Other posts by Karen De Coster | Comments (5)

Control-freak politicians abhor gold because it ignores them; it won't do what it's told. It defies economists and laughs at central bankers.

The Telegraph on why the establishment hates gold.

Comments (5)

  • Bernie

  • This is an interesting article on two counts. Firstly it is a well written piece and describes the actual situation. Secondly I suspect it was inspired by Ron Paul's current campaign and yet gives no mention of him.

  • Published: January 21, 2008 7:09 AM

  • fundamentalist

  • Great article! Isn't the Telegraph one of the more left-wing papers, or do I have it confused with another?

  • Published: January 21, 2008 9:31 AM

  • Yumi

  • The Daily Telegraph is traditionally conservative, a.k.a. the Daily Torygraph. Left-leaning papers in the UK are the Guardian and the Independent.

  • Published: January 21, 2008 9:58 AM

  • Yancey Ward

  • Governments hate gold because it is a refuge from governmental depredations.

    Unfortunately, government's response to this is going to be confiscation at some point. Government can't allow you to stay outside it's bonds forever.

  • Published: January 21, 2008 1:30 PM

  • Junker

  • One could do worse than by setting your standards to to the opposite of govt's. If they disapprove, then seek; if they hate, then acquire; if they exclude, then join. Perhaps one should join the counter-economy by trading in gold (and silver).

    And Karen de Coster? Govt doesn't pay much attention. Perhaps more people should.

  • Published: January 21, 2008 2:59 PM

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