August 1, 2012 § Leave a comment
“In a word, knowing by the experience of many centuries that people live and are guided by ideas, that these ideas are imbibed by people only by the aid of education provided with equal success for all ages of growth, but of course by varying methods, we shall swallow up and confiscate to our own use the last
scintilla of independence of thought, which we have for long past been directing towards subjects and ideas useful for us.”
Protocol Nr. 16
“The Power of Ideas will prevail!”
Intellectual dishonesty is the hallmark of the leadership of Austrian Economics. Nowhere is this more palpable than with their disingenuous, dishonest and destructive defense of deflation. Now that we are facing the greatest deflationary bust since the Great Depression, with the worst still to come, Austrian Economics rises as the main defender of the Money Power’s onslaught.
Time to dispel their lies and misrepresentations concerning deflation…
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