Tuesday, November 9, 2010

Roubini's Goes Off on Gold with NYC Taxi Driver Ignorance about Money

Nouriel Roubini tweets:
Spam is a better hedge against inflation than gold: you can eat it and it lasts 1000 years. Gold is, as Keynes aptly said, a barbarous relic.
What's this nonsense about spam all about?

Roubini has gone from superior data hound to mouthing off the same analysis as a NYC cabbie who has no clue about money as a medium of exchange.

Click here to understand the mentality.

1 comment:

  1. Mr. Wenzel,

    Don't insult the cab drivers, I've met gas attendants who support Ron Paul, so my guess is the cab drivers might know better.