Nobel Prize in economics

[Prefatory Note: Having spent more than 70 years within privileged enclaves of advanced education, my only regret is the weakness of community cohesion due to evaluations of the worth of faculty members by relying on market assessments, that is, what a person could earn outside the university if put up for sale, or what a […]

As gold broke below the psychologically important level of $1,200 an ounce late in December of 2014, the mainstream financial media burst with headlines like this one from Marketwatch: “Gold’s Safe-Haven Role is Over.” The Nobel prize winning economist from the New York Times, Paul Krugman, penned a wicked missive on the ‘barbarous relic’ by invoking Key