By: Nigel Hannaford
Nigel Hannaford has been expecting the worst for most of his adult life. That’s what comes of compulsively buying and reading books predicting economic catastrophe that began cascading out of publishing houses in the 1970s. Some of them were right, more or less, about the inflationary impacts of profligate government fiscal and monetary policy. Looking back, Hannaford writes, he should have listened to the gold bugs.