This is What Major League Gold Hate Looks Like

Cruz VAT would raise prices, and not boost exports. His gold standard would cause a recession. It's the economic equivalent of laetrile.

— Phillip Swagel (@pswagel) March 11, 2016

Swagel was Assistant Secretary of the Treasury for Economic Policy (2006-2009) under Treasury Secretary Hank Paulson, that is, he  was Paulson's top economic adviser. He never saw the financial crisis coming. In 2009, he gave me the impression he didn't know what gold swaps were.

 -RW