Most of the media, alas, subscribes to Marxian economic notions and is therefore exceedingly gullible when the Democrats issue their statements assigning blame to “laissez-faire” and “deregulation.”
That’s just one of the strong points made in this stupendous article by economics professor George Reisman. Reisman meticulously dismembers the Pravda-like disinformation campaign that the financial crisis is the fault of capitalism. Especially important is his argument that the greatest impediment to real capitalism and the biggest villain in this drama, is the Federal Reserve.
Remember back in the 90s when Bill Clinton promoted the useless “national dialogue on race”? What we really need now is a true national dialogue on our monetary system. There never was anything to talk about with regard to race, but there are exceedingly important questions to be discussed regarding the effects of our fiat money system and central banking.
