Title: Lew Rockwell explains how the Federal Reserve Enables War, Empire, and Destroys the Middle Class Source:
[None] URL Source:http://libertycrier.com/finance/lew ... ews10_21_2012&utm_medium=email Published:Oct 21, 2012 Author:Lew Rockwell Post Date:2012-10-21 10:44:16 by christine Keywords:None Views:1300 Comments:60
From the YouTube description: The accused Federal Reserve bomb plotter’s home country wants details on his case. While this may make headlines, we ask Lew Rockwell of the Ludwig Von Mises Institute about one aspect of the Federal Reserve that has not made front page news: how the Fed, with its printing press, may be making war easier. After all, if the people of the United States were asked to write a check every year to the IRS in order to fund the exploding deficits and rising interest payments on the national debt, would they continue to support all these wars? Randolph Bourne may have famously quipped that “war is the health of the state,” but it isn’t the health of the economy, this is for certain. If the American people could identify their miserable economic plight with the actions of the federal reserve and with the hundreds of billions of dollars spent every year on war and defense, it is reasonable to expect that they would simply refuse the burden all together. We will ask Lew Rockwell, Chairman of the Ludwig Von Mises Institute what he thinks, and if he thinks that war is made easier by a pliant and compliant central bank.
And, sticking with this issue of the Federal Reserve as the great “enabler,” what about it’s role in “disabling” and dismembering America’s dwindling middle class? How responsible is the Federal Reserve and its quantitative easing, zero percent interest rate policy for the plight of America’s economy and its society? The two main contenders for the presidency, Barack Obama and Mitt Romney, speak often about the Fed. The candidates talk about supporting the middle class in terms of tax cuts, loopholes, and regulation but they don’t discuss the “money” in the middle class’s pockets. We ask Lew Rockwell, Chairman of the Ludwig von Mises Institute, about what happens to the middle class if you don’t address savings.
The following quotes from Rockefeller's Memoirs are fascinating:
David Rockefeller then goes on to describe his decision to attend the London School of Economics, and how the way was paved for him through his family's generous grants to the institution from the Laura Spelman Rockefeller Memorial and from the Rockefeller Foundation. He also mentions his father's friendship with Sir William Beveridge, who was the director of the LSE, and who provided accommodations for David only a short walk away from the university.
While enrolled at the LSE the young David Rockefeller was personally tutored in economics by none other than Professor Friedrich A. Hayek. Rockefeller explains,
The economists at LSE were much more conservative than the rest of the faculty. In fact, its economists comprised the major center of opposition in England to Keynes and his Cambridge School of interventionist economics.
"My tutor that year was Friedrich von Hayek, the noted Austrian economist who in 1974 would receive the Nobel Prize for the work he had done in the 1920s and 1930s on money, the business cycle, and capital theory. Like Schumpeter, Hayek placed his trust in the market, believing that over time, even with its many imperfections, it provided the most reliable means to distribute resources efficiently and to ensure sound economic growth. Hayek also believed that government should play a critical role as the rule maker and umpire and guarantor of a just and equitable social order, rather than the owner of economic resources or the arbiter of markets.
Hayek was in his late thirties when I first met him. Indisputably brilliant, he lacked Schumpeter's spark and charisma... Nevertheless, I found myself largely in agreement with his basic economic philosophy."
After spending a year under the care of Hayek at the LSE, David Rockefeller had to make a choice as to where he would finish his college education. It was not a hard choice to make,
" After a year in London I was eager to return to the United States to complete my graduate work at the University of Chicago, which boasted one of the premier economics faculties in the world, including such luminaries as Frank Knight, Jacob Viner, George Stigler, Henry Schultz, and Paul Douglas. I had heard Knight lecture at the LSE and found his more philosophical approach to economics quite compelling. Lionel Robbins knew Knight well and urged me to study with him. ......The fact that Grandfather had helped found the university played a distinctly secondary role in my choice......
It's amazing he was taught by such smart people and didn't learn a damn thing.
There was nothing to learn, never has been with anything coming from the minds of Jews that are out to con the infidels.
If you notice the worlds wealth is in control of Jews. That is their goal with world government. Warburg said we would have world government willingly or unwillingly.
If you notice the worlds wealth is in control of Jews. That is their goal with world government. Warburg said we would have world government willingly or unwillingly.
So, according to you, since von Mises and Hayek were Jews, they were in league with other Jews to control the worlds wealth and their goal was to create a one world government.
Hmm. Two people who spent their lifetimes crusading against centralized government were in actuality in a cabal to establish a centralized government.
Cynicom would have us believe that the millions of admirers of von Mises and Hayek throughout the world over the last 60+ years have all been bamboozled. Only he was smart enough to understand the "real goal" of von Mises and Hayek. Only he is capable of understanding that all the works concerning small government, individual liberty, and Austrian Economics was really a cover for creating a centralized, Jew-controlled one world government. Only he understands that anyone who believes in what they wrote is a "useful idiot."
To those on the board, let us look at the works of von Mises and Hayek and see if there is any indication of this accusation. Surly people who held such a deep rooted belief and goal would have written about them. Surly they would be champions of centralization.
Book written by von Mises:
The Theory of Money and Credit (1912, enlarged US edition 1953)
Nation, State, and Economy (1919)
"Economic Calculation in the Socialist Commonwealth" (1920) (article)
Socialism: An Economic and Sociological Analysis (1922, 1932, 1951)
Liberalismus (1927, 1962 – translated into English, with the new title The Free and Prosperous Commonwealth)
A Critique of Interventionism (1929)
Epistemological Problems of Economics (1933, 1960)
Memoirs (1940)
Interventionism: An Economic Analysis (1941, 1998)
Omnipotent Government: The Rise of Total State and Total War (1944)
Bureaucracy (1944, 1962)
Planned Chaos (1947, added to 1951 edition of Socialism)
Human Action: A Treatise on Economics (1949, 1963, 1966, 1996)
Planning for Freedom (1952, enlarged editions in 1962, 1974, and 1980)
The Anti-Capitalistic Mentality (1956)
Theory and History: An Interpretation of Social and Economic Evolution (1957)
The Ultimate Foundation of Economic Science (1962)
The Historical Setting of the Austrian School of Economics (1969)
Notes and Recollections (1978)
The Clash of Group Interests and Other Essays (1978)
On the Manipulation of Money and Credit (1978)
The Causes of the Economic Crisis, reissue
Economic Policy: Thoughts for Today and Tomorrow (1979, lectures given in 1959)
Money, Method, and the Market Process (1990)
Economic Freedom and Interventionism (1990)
The Free Market and Its Enemies (2004, lectures given in 1951)
Marxism Unmasked: From Delusion to Destruction (2006, lectures given in 1952)'
Ludwig von Mises on Money and Inflation (2010, lectures given in the 1960s)
Book written by Hayek:
Monetary Theory and the Trade Cycle (1929)
Prices and Production (1931)
Monetary Nationalism and International Stability (1937)
Profits, Interest and Investment (1939)
The Pure Theory of Capital (1941)
The Road to Serfdom (1944)
Individualism and Economic Order (1948)
"The Transmission of the Ideals of Economic Freedom," (1951)
John Stuart Mill and Harriet Taylor: Their Friendship and Subsequent Marriage (1951)
The Counter-Revolution of Science: Studies on the Abuse of Reason (1952)
The Sensory Order: An Inquiry into the Foundations of Theoretical Psychology (1952)
The Political Ideal of the Rule of Law (1955)
The Constitution of Liberty (1960)
The Constitution of Liberty: The Definitive Edition (2011)
Studies in Philosophy, Politics and Economics (1967)
A Tiger by the Tail (1972, revised edition 1978)
Law, Legislation and Liberty: A New Statement of the Liberal Principles of Justice and Political Economy
Volume I. Rules and Order (1973) Volume II. The Mirage of Social Justice (1976) Volume III. The Political Order of a Free People (1979)
Denationalisation of Money: An Analysis of the Theory and Practice of Concurrent Currencies (1976)
New Studies in Philosophy, Politics, Economics and the History of Ideas (1978)
1980s Unemployment and the Unions (1980)
The Fatal Conceit: The Errors of Socialism (1988)
I'll let others decide the veracity of his opinion. I've believe I've made my opinion on the subject perfectly clear.