people like Munger do not hate goldbugs, they are

not running gov.

Human society itself is a ponzi scheme, when population drops, no matter how much gold you have, material and service will get expensive.

On the other hand, when we are in financial crisis, we need to print money, a bank run on the whole world's economy system is far worse than printing some money. we need to be conservative printing or making too much promises when economy was good.