Is Paul Krugman more infatuated about gold than gold bugs?

It seems like every other blog post in The New York Times Paul Krugman is bashing gold.

He has written some of the most bizarre anti-gold articles, including one where he blames sound money for the rise of Adolf Hitler.

OK there buddy.

Well, Krugman is once again on an anti-gold tirade, accusing gold bugs of being, well, too stupid to land real jobs.

He writes:

“Now imagine yourself as a conservative who writes about economics, but who doesn’t have the technical proficiency and originality needed to get a good job in academia, an economic policy institution like the Fed, or a serious think tank. Well, becoming a vocal gold-standard advocate opens a whole different set of doors.”

Now he is just being ignorant of history. Some of the most well-respected economists of the 20th century were involved in academic or a part of think tanks, such as Murray Rothbard and Friedrich Hayek. And, if you want to talk about technical proficiency, then look no further than Ludwig von Mises – it is doubtful Krugman ever read Human Action.

The other issue is that it doesn’t require too much technical proficiency or originality to tell the statists what they want to hear. If you’re championing trillions in stimulus, housing bubbles, money printing, and big government, then, of course, you’re going to advance more in the economics world than if you’re advocating the opposite of these proposals.

Are these economic gold? (SEE: 8 Paul Krugman quotes to laugh at)

“As long as we borrow we’re not broke!”

“The growth of the Internet will slow drastically, as the flaw in ‘Metcalfe’s law’–which states that the number of potential connections in a network is proportional to the square of the number of participants–becomes apparent: most people have nothing to say to each other! By 2005 or so, it will become clear that the Internet’s impact on the economy has been no greater than the fax machine’s.”

“To fight this recession the Fed needs…soaring household spending to offset moribund business investment. [So] Alan Greenspan needs to create a housing bubble to replace the Nasdaq bubble.”

“Meanwhile, economic policy should encourage other spending to offset the temporary slump in business investment. Low interest rates, which promote spending on housing and other durable goods, are the main answer.”

“If we discovered that space aliens were planning to attack, and we needed a massive build-up to counter the space alien threat, and inflation and budget deficits took secondary place to that, this slump would be over in 18 months.”

Sorry, Krugster, you lose this one.

(H/T EPJ)