‘Zeitgeist’ Producer Peter Joseph (‘Stalin’)

Have you seen Zeitgeist: The Movie? It presents the entire history of the One World Government plan. It’s very good. Unfortunately, when I got to the end of the movie, I was disappointed because the economically-ignorant monetary “solution” to the monetary problems we currently have would just be replaced with different monetary problems. The sequel, Zeitgeist: Addendum, spells out in great detail economically-ignorant solutions to today’s current economic problems.

It turns out that the filmmaker, Peter Joseph, dislikes the Austrian School of economics. In this interview with RT’s Abby Martin, he disses Hayek and Mises—and you can tell by his glib one-liner on the subject of money what he believes the free market/Austrian School of economics is all about that he has either not read any Austrian School literature or, unfortunately, not understood what he has read. (Where I start the YouTube video clip right before his remarks, he makes the astonishing statement that socialists Marx and Veblen “were on to something.” Hence, the title of this post.) If nothing else, any time someone refers to the free market as “social Darwinism,” you know they have zero understanding of how a modern market economy works. He’s also bothered by the fact that we live in a world where each individual “is given this bizarre power to make their own decisions.” (What, as opposed to having forced upon us—I’m presuming—the “enlightened” economic plan of Peter Joseph and others of his ilk? Hence, again, the title of this post.)

MEMOS to Peter Joseph:

“It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a ‘dismal science.’ But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”— Murray Rothbard

And from yours truly: Though economics—unlike physics and chemistry—is a social, rather than a natural science, there are economic laws. You can ignore economic laws, but economic laws won’t ignore you.

[Thanks to Karin Christensen]