(this guy is also the god father of trusting the invisible hand)
I’m not an economist, yet, and I don’t prescribe to every consequence of every philosophy but I can employ multiple authors for the same consensus of criticism, this, this is taken from the Nov 20th, 1994 interview with Milton friedman on Brian Lamb’s Booknotes
Brian – “What do you think of the Federal Reserve Board today?”
Milton – “Well, I’ve been long been in favor of abolishing it. There is no institution in the United States that has such a high public standing and such a poor record of performance.”
Brian – “What did Arthur Burns think of That?”
Milton – “He didn’t like that very much. But needless to say, I didn’t hesitate to say it to him. Look, the Federal Reserve System was established in 1913, started in operation in 194. It presided over a doubling of prices during World War I, it produced a major collapse in 191, it had a good period from about 1922 to 2, then it undertook actions that led to a recession 929 and 1930, and it converted that recession, by its actions, into the great depression. The major villain, in the great depression, was in my opinion, unequestionably the Federal Reserve System. Since that time, it presided over the doubling of prices during world war II, it finances the inflation of the 1970’s, and on the whole, it has a very poor record. It’s done far more harm than good.”
Brian – “In your lifetime, have you ever had a theory that proved to be wrong? Do you ever go back and say that I was wrong?”
Milton – “Oh yeah, Sure”
Brian – “What was it?”
Milton – “Well during World War II, when I was at the treasury, I was a keynesian. That is, I believed that the way to control inflation was by controlling government spending, Only after World War II, when I started to work in the field of money, did I come to a different conclusion. Now I believe keynes was a great man. He was a great economist, but I think his theory is wrong.”
Brian – “And his theory basically stated is?”
Milton “Basically stated, the fundamental element of it is, that matters is spending. And what matters in particular is government spending. And that government spending must play a major role in guiding society. He was a liberal in the 19th century sense. But he was also a believer, he was also an Elitist. And he believed there was a group of able, public spirited intellectuals, who should be given charge of society.”
– inspiring words, although I must learn more. It seems that basic 19th century liberalism, french revolutionary rhetoric of freedom empire building, mason principles of basic equality under a guided Heiarchy an animal farm “everyone is equal, but some are better” tie in together. I’m not surprised Keynes belives in a group in charge of society, what do we think of this?
William Butler Yeats (1865-1939)
THE SECOND COMING
Turning and turning in the widening gyre
The falcon cannot hear the falconer;
Things fall apart; the centre cannot hold;
Mere anarchy is loosed upon the world,
The blood-dimmed tide is loosed, and everywhere
The ceremony of innocence is drowned;
The best lack all conviction, while the worst
Are full of passionate intensity.
Surely some revelation is at hand;
Surely the Second Coming is at hand.
The Second Coming! Hardly are those words out
When a vast image out of Spiritus Mundi
Troubles my sight: a waste of desert sand;
A shape with lion body and the head of a man,
A gaze blank and pitiless as the sun,
Is moving its slow thighs, while all about it
Wind shadows of the indignant desert birds.
The darkness drops again but now I know
That twenty centuries of stony sleep
Were vexed to nightmare by a rocking cradle,
And what rough beast, its hour come round at last,
Slouches towards Bethlehem to be born?
Sean Hoare, the reporter who was the main beacon of light against the rupert murdoch case was “found dead” in his apartment monday morning. The neighbors were shocked because of how well he seemed to be doing lately. At about 9.15pm, three hours after the Guardian revealed Hoare had been found dead a police van marked “Scientific Services Unit” pulled up at the address, where a police car was already parked. Two officers emerged carrying evidence bags, clipboards, torches and laptop-style bags and entered the building. Three officers carrying cameras and wearing white forensic suits went into the flat at around 9.30pm taking away the body. Obviously my suspicion is that he knew too much. You notice the article for the guardian says how unspicious his death was, with random inserts of his drug and alcohol abuse. If you read this without the blue insert you’ll notice you can see past the original edit, this insert blocks the flow of thought. These kinds of subtle inserts are a process of subtle disinformation
This will of course, be the cause of death. Why even mention things randomly like “i went to rehab, no coming back!” Why name the article “found dead?”
how was his body found dead? Most reporters/famous people should be “missing” for a period then the smell of their corpses should rot, a neighbor should report it, somebody should go in and look. You don’t just barge into someone elses house, and you don’t do it to somebody who was being as well protected as julia assange was during his wikileaks indictment and even now.
Why won’t the guardian feature this article on their home page for the website? If you try to look for the death of sean hoare, its unpublicized on guardian! while there are 7 mentions of murdoch only one of sean howre, and none about his death all of the attention is being drawn towards the trial
it’s not even on its mainpage, but looking at reddit it is the most popular search,
Why would murdoch overpublicize his own trial? Who would make himself look bad? This is his genius. On the day of Sean Hoare’s death, murdoch is the process of trying to buy SKY TV. Sky Tv is this interesting little device that will rule the british airways in a few years, the dawn was apt at mentioning this buy out.
“Even more importantly, perhaps the scandal will torpedo a controversial proposal for News International to buy up the outstanding shares in BSkyB, the holding company that owns Sky TV. This operation has become hugely profitable, sending its TV packages — as well as phone and broadband services — into millions of British homes. Although Murdoch owned some 39 per cent of the company, he wants total control, and his application has been pending with the government for months.
Many have opposed the proposal on the grounds that it would give one individual far too much clout. However, it was widely feared that the Conservative culture minister tasked with reviewing the application would not wish to antagonise Murdoch by turning him down. But with the ongoing scandal, one MP said News International would not be granted a licence to run a minicab service, leave alone buy up BSkyB. “
The guardian hasn’t mentioned the buy out, but this could be because the guardian is also part of murdoch’s own scheme, by fighting himself versus an enemy he’s now made “the guardian” his alter. when people want to get “the scoop” on murdoch they go to the guardian, we say, who hates him more? where else is the latest footage on the trial? you know the funny video where murdoch gets bopped in the face with a pie. the guradian publicizes that “Tuesday 19 July 2011 was the most humble day of his life.”
Citizen canes xmen ability is not in preventing things from being said about you, its learning how to get the wrong shit said about you at the right time. Even something that seems to be an attack on someones character might actually be a way to show someones humanity, quaintness. In a year time from today do you think it’ll be easier to oppose murdoch or more difficult? somehow more difficult, yet this “appears” to be a geniune attack against murdoch its actually going to benefit him. now i’m not going to be that batshit crazy and say i know the reasons why, but its easy to see the effects of these actions!