In the original
movie, theres a character named Cypher who decides that life
is more comfortable for him within the confines of the false-reality
programming that is the Matrix. He betrays his comrades, in return
for being plugged back into the Matrix back into his comfortable
(though illusory) life of ease and affluence. Of porterhouse steaks,
fine wine and nice clothes
I got to thinking
about Cyphers choice as a result of a discussion I had recently
with someone about a real-life Cypher. You may know of him.
His name is
A long time
ago, Greenspan was a champion of free market economics an
associate of the famous writer Ayn Rand and the author of Gold
and Economic Freedom. He opposed central banking and
fiat currency. He vigorously defended sound money and the
vital (to economic liberty) necessity of moral hazard. The concept
that people must be free to prosper or fail according
to the merits of their ideas and their work, without fear or favor
from the government.
His was a mighty
voice for economic and thus, individual liberty.
But then Alan
sold out. He plugged back back into the Matrix. He became the apotheosis
of that which he had once reviled: chairman of the Federal
Reserve! The head of the private banking cartel that manipulates
boom-bust for its own financial gain. The entity that devalues the
currency at whim, causing and creating the economic instability
that makes financial security all-but-impossible for the average
light of sound money became its most deadly enemy. The proverbial
ringmaster of casino capitalism.
And was richly
became wealthy, famous and powerful. For many years, as Fed chairman,
he literally controlled the U.S. banking system which is
another way of saying he controlled the U.S. economy. Which is to
say, his whim affected millions of people. Will interest
rates go up or down? How much inflation can we expect next
year? Is it a good time to buy or sell? The augurs parsed
his every word, his every inflection
what will the Great Man
never wielded such arbitrary power over the masses.
It must have
been intoxicating. It opened many doors doors that would
have remained forever closed to a defender of sound money
and so, an enemy of the Fed.
Greenspan must live with himself. And with what he did.
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© 2012 Eric Peters
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