scholarly journals Gold Dreams, Gold Nightmares: The Social Construction of Inflation as Delegitimation Discourse

2011 ◽  
Vol 16 (1) ◽  
pp. 21-31
Author(s):  
Adam Rafalovich

Using archival data from the four most popular gold investment websites, this study is a content analysis of gold investment enthusiast (‘gold bug’) commentaries over a six-month time period, from November 2007 to April 2008. We examine gold bug discourse as a conspiracy narrative whose central tenet is the criticism of inflationary monetary policy. Gold bugs argue that the continual presence of inflation demonstrates the fundamental flaws of global capitalism and the illegitimacy of the administrative system that operates it. The invocation of inflation is the primary way in which gold bugs forecast economic conditions and the inevitable failure of those who control global monetary policy. Based upon the ontological claim that gold is the only ‘true’ store of value, gold bugs posit a sharp rebuke of monetary policy, predicting a drastic increase in the price of gold and a consequent collapse of the world's fiat currencies.


1992 ◽  
Vol 37 (11) ◽  
pp. 1186-1186
Author(s):  
Garth J. O. Fletcher


1995 ◽  
Author(s):  
Barbara DeFilippo


2020 ◽  
Vol 7 (2) ◽  
pp. 185-205
Author(s):  
Heidi Mattila


2010 ◽  
pp. 73-89
Author(s):  
M.-F. Garcia

The article examines social conditions and mechanisms of the emergence in 1982 of a «Dutch» strawberry auction in Fontaines-en-Sologne, France. Empirical study of this case shows that perfect market does not arise per se due to an «invisible hand». It is a social construction, which could only be put into effect by a hard struggle between stakeholders and large investments of different forms of capital. Ordinary practices of the market dont differ from the predictions of economic theory, which is explained by the fact that economic theory served as a frame of reference for the designers of the auction. Technological and spatial organization as well as principal rules of trade was elaborated in line with economic views of perfect market resulting in the correspondence between theory and reality.



1978 ◽  
Vol 25 (5) ◽  
pp. 461-475 ◽  
Author(s):  
Merton J. Kahne ◽  
Charlotte Green Schwartz


1990 ◽  
Vol 37 (1) ◽  
pp. 80-95 ◽  
Author(s):  
Robert A. Stallings


1989 ◽  
Vol 36 (2) ◽  
pp. 135-148 ◽  
Author(s):  
Robert Bogdan ◽  
Steven J. Taylor


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