September 20, 2012 § Leave a comment

Exposing Faux Capitalism

Gary North speaking at the Mises Institute aft...Gary North, in attacking Ellen Brown for her support of government-issued credit, has repeatedly referred to her as a “Greenbacker.”

He states, without reference, that she is “a Greenbacker by confession.

It’s ironic that North got on his high horse and claimed to have discredited her book, Web of Debt, by pointing to errors in it, yet failed to do research into his own bogus claim that she is a Greenbacker.

The Greenback movement refers to those who supported the issuance of interest-free paper money at the federal level during the Civil War era and in the subsequent years of the late 19th century.

Had North done even the most basic amount of research — which he claims Brown failed to do regarding some of her claims — he would’ve come across her proposal (on page 455) for:

A bill to update the Constitutional provision…

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