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The role of gold
The Economist - Buttonwood's Notebook
Atlas Shrugged |
The most intriguing section is on the role of gold as an economic indicator. Here the taskforce decrees that “there appears to be no consitent and reliable correlation between bullion and a large number of key economic variables that could be employed to inform policy decision-making more effectively.” There is not much in the actual report to back up this assertion and Chatham House points to a paper on its website by John Gault (an in-joke for Ayn Rand fans?)
Published: 2012-02-29
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