The Silly Prejudices of the MSM

This morning I came across this Financial Times article comparing the current financial debacle with Nixon’s inflation of 1973:

I am not, after all, seeking to propound any vulgar fallacies about history repeating itself. The point of such exercises is rather to expand our conception of the possible.

In that spirit, a seasoned stockbroker of my acquaintance dismisses my 1973 comparison. The true parallel, he says, is 1929.

But that, surely, is going too far.

And so go MSM prejudices about the current state of the US. Inflation is defeated. Buy stocks and real estate, they are investments that always go up. An economic calamity like the Great Depression can never happen again, as we are too enlightened an age to let it. A de jure, interventionist foreign policy is the only way to protect American security. And of course, Ron Paul has no chance to win the presidential election. To think otherwise, surely, is going too far.

Something tells me that 2008 is going to finally shatter all the silly prejudices that the MSM spouts off to keep the masses in their place.

Share

7:16 am on November 26, 2007