Or is it (N)ational (P)ropaganda for (R)othschild? Or both? (I vote for both.) Jim Grant was on NPR this morning extolling the virtues of the gold standard. Of course a real “economist” that NPR found under a rock (which is actually where all non-Austrian “economists” reside) said that no economist would support such an anachronistic concept. After all, it was the gold standard that “caused” the Great Depression. Had the U.S. been on a gold standard now, we could never have gotten out of our recent financial crisis. (You know—the recent financial crisis that we really are not out of and that was caused because we are not on the gold standard.)

Professor of “Economics” Randall Parker at East Carolina University:

“[the gold standard]..is a pernicious anachronism that should be kept in the history books. And to think that modern people today want to speak about its resurrection should absolutely horrify and terrify anyone who understands economics even a little bit.”

Parker is almost correct. Anyone, such as Parker, who understands economics only a little bit—if at all—would never get a job¹ teaching his Bankster form of “economics” if he promoted a financial system in which David Rockefeller and Evelyn de Rothschild actually had to work for a living like the rest of us, instead of having the government-backed privilege of adding to their banks’ accounts simply by typing in a number followed by some zeros into the computers at their banks’ headquarters. (Or is that strenuous workload handled at the “Federal” Reserve itself for Dave and Ev?) By the way, has anyone reading this post actually ever read or heard any of these non-economists explain why the value of the U.S. dollar has lost 95% of its purchasing power since the creation of the “Federal” Reserve,” and why this horrendous loss should be considered a positive thing for the U.S. economy—or any economy, for that matter?

Rather than waste Lew’s valuable blog space, you can read—in all of its ignominious detail—Professor of “Economics” Parker’s views² of “what” caused the Great Depression, “how” the world got out of the Great Depression, and why we need Rockefeller and Rothschild to be allowed to perpetually increase their wealth exponentially at the expense of the rest of the world. (Okay, you got me. Parker didn’t say that last part of my sentence, but that is what ultimately is the reason why the world has been forced to use fraudulent fiat currency for the last 100 years or so instead of a 100% gold-backed currency.)
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¹Jim Grant in this NPR interview: “The argument I’m making is in fact the wingnut argument,” he said. “Every self-respecting tenured faculty member in economics this country, almost without exception, would laugh it out of court.”
²I particularly enjoyed Parker’s economically-ignorant remark “But if you’re on the gold standard…There’s only so much gold in the world. That means there’s only so much money.”