Deceitful Empire in Every State: Unveiling a Nation Built on Falsehoods
Hey there! Consider this an informal, no-holds-barred take on the academic world of economics. Let's dive right in.
From Mises to Keynes: The Dishonest Path of Economic Thinking
Most economists, according to Thomas DiLorenzo, are mere political shills masquerading as scholars. They peddle theories tailored to fit governments' whims, providing a scientific facade for politicians' power grabs. This is a sentiment not unlike Ludiwg von Mises' criticism of universities as "nurseries of socialism."
Casey's advice? Become your own economist. Don't rely on mainstream media or even academia for your economic knowledge, as they're just government mouthpieces. And that's exactly what the Mises Institute is all about—helping you avoid being fooled by the state and its court historian economists.
The American Economic Association: A Propaganda Tool for Big Government
Ever wonder why the American Economic Association was so eager to support government intervention in the economy? Well, their founding document makes it crystal clear. According to them, "The state is an educational and ethical agency whose positive aid is an indispensable condition of human progress." No surprise then that Mises never joined this association of statist scolds.
The Fed: Central Banking's Propaganda Machine
If you thought the Federal Reserve was just an impartial institution responsible for managing the nation's monetary policy, think again. According to economist Larry White, about 75% of all academic articles published on monetary policy are produced by economists with ties to the Fed, giving them a significant influence over public perception.
The IP University: Fostering a Culture of Lies and Deception
Typical introductory economics textbooks focus heavily on "market failure," ignoring the importance of entrepreneurship, the backbone of capitalism. The Austrian School economists are a rare exception to this trend, challenging the mere existence of the Fed and calling for its abolition.
A Brief History of the Empire of Economic Lies
From the Big Lie of "natural monopolies" and the sham of the Sherman Antitrust Act to the flawed notion that big defense spending is "efficient," generations of students have been fed a steady diet of intellectual lies and deceptions. It wasn't until the past decade that the "mainstream" economics profession finally admitted the destructive consequences of New Deal interventions on the economy.
In the end, it's clear that the economics profession has blurred the lines between political correctness and honest economic analysis. It's time to buck the status quo and embrace the free-market, pro- entrepreneurship philosophy of the Austrian School. As Doug Casey put it, most economists are political apologists masquerading as economists. So, educate yourself and don't be fooled!
- The Mises Institute, much like Doug Casey advises, aims to help individuals become their own economists, encouraging self-reliance instead of relying on mainstream media or academia, which are often regarded as government mouthpieces.
- The American Economic Association's support for government intervention in the economy can be traced back to its founding document, where it is stated that "The state is an educational and ethical agency whose positive aid is an indispensable condition of human progress."
- The Fed's influence on public perception is significant, as economist Larry White reveals that about 75% of academic articles published on monetary policy are produced by economists with ties to the Fed. This has led to concerns about the impartiality of the central banking institution.
