Commentaries (some of them cheeky or provocative) on economic topics by Ralph Musgrave. This site is dedicated to Abba Lerner. I disagree with several claims made by Lerner, and made by his intellectual descendants, that is advocates of Modern Monetary Theory (MMT). But I regard MMT on balance as being a breath of fresh air for economics.
Saturday 10 July 2010
Ellen Brown.
Nice description by Ellen Brown of the way in which the private banking sector captures the money creation process from government. It’s done by capturing the press and buying politicians.
Note added 6th Aug 2010: Ellen Brown’s point is much the same as a point made by John Hylan, Mayor of New York, 1918-25. In reference to bankers he said “Woe to the public officials who dare resent their dictatorship. If there be such public officials who will not submit to their imperious dictation, then the floodgates of lying press propaganda are released…."
Scroll down about half way here for the above quote.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Post a comment.