Why 'progressives' spin fairytales about paper money
In a recent opinion piece published on Reuters, Professor Charles Postel
twists himself into extreme pretzel logic attempting to explain that
elastic, manipulated paper money favours the ‘have nots’ whereas
inelastic, gold-backed money favours the ‘haves’. The article is so full
of historical misconceptions, logical fallacies and raw, ad hominem
attacks on gold standard advocates it is difficult to see how it got
past the editors of a supposedly reputable global financial news agency.
Yes, I know, the financial mainstream media, enamored as it is of
modern, activist central banking, is clearly biased against gold. But
when they begin to publish egregious monetary propaganda masquerading as
scholarship, it smacks of desperation. Remember Gandhi’s observation:
First they ignore you; then they ridicule you; then they fight you; then
you win!
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