FSN: Black Is White, Up Is Down … If We Want to be Free, Let Government Run Money
Be prepared for the next great transfer of wealth. Buy physical silver and storable food.
from The Daily Bell
In a recent Working Paper entitled “The Chicago Plan Revisited” (WP/12/202), IMF staff members Jaromir Benes and Michael Kumhof spoil an otherwise interesting paper by giving an account of the monetary ideas of Adam Smith and Jeremy Bentham which conflict directly with Bentham’s own writings on the subject matter. In my view, the point at issue is of fundamental importance as the world community searches for answers to the monetary chaos that has evolved in the post-Bretton Woods era of the past forty years: Do we seek answers in resurgent STATISM in monetary matters, as in the United States (Federal Reserve Board) and the European Union (European Central Bank) at present, or should we first seek to UNDERSTAND the flaws in post-Bretton Woods world monetary arrangements for which STATE and PRIVATE sector agencies are jointly responsible? – Yahoo Groups, Gunner
Dominant Social Theme: If we just give government the money power, we will be free.
Free-Market Analysis: Parts of the alternative Internet media are aflame with excitement over an IMF study recently released, entitled, “The Chicago Plan Revisited” (WP/12/202), by IMF staff members Jaromir Benes and Michael Kumhof.
Continue Reading at TheDailyBell.com…
2012-09-07 12:36:35
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