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Jon Arden
June 16, 2011, 12:03 am
Greenbackers are not Libertarians

I'm sure you all are aware of the bill that Dennis Kucinich introduced in December to "End the Fed":
http://www.minyanville.com/businessmarkets/articles/dennis-kucinich-end-the-fed-kucinich/12/22/2010/id/31827

Why do I bring this up? I'm sure that you recall, as I do, that a significant portion of people who were volunteers for Ron Paul during his campaign, were not very well informed about the issue of central banking. In particular it seemed that many people were misinformed by what I now know are called "greebackers" bunk history and flawed arguments. Examples are, of course, Moneymasters, and also the book "Web_of_Debt" by Ellen Brown:


I was pleased earlier this year when Austrian economist (and anarcho-calvanist) Gary North published a series of about 30 articles specifically to debunk Brown's book. Usually so reserved and old, I had never heard him so gleefully attack anybody before, calling her a "cheerleader for Hitler's economic policies," saying that he had been waiting for years for someone as ignorant and dumb as her to make and example of, and also challenging her to a public debate.

During and after the campaign, I was concerned that nobody reputable had come forth to specifically address the fallacies of the Greenbackers. Indeed, although North wrote a book for this purpose in 1965, he says he is about the only serious free-market economist to have tackled this problem.

After reading North's thoughts on the matter, I am in complete agreement with his conclusions, and am concerned that the bulk of Ron Paul's supporters are still not properly educated on this matter. Why is this a problem? For one, if there is another campaign, they will be doing a piss poor job of educating other people. Also, they will probably be confused enough to support efforts like the recent one by Kucinich. North is dead-on right when he refers to efforts like this as "false flag infiltrations" - at their worst, they can serve to undermine support for economically sound propositions by people like Ron Paul, and can misdirect and sap the energy out of a real End the Fed movement.

In this article:
http://www.garynorth.com/public/7286.cfm

North talks about how Brown has totally discredited herself by supporting QE2. Toward the bottom of the article are two other links.

One is about Max Keiser, which is worth looking at:
http://www.garynorth.com/public/7289.cfm

The other link is to an article titled "Sitting Ducks: Why the Tea Party Movement Is Vulnerable to Economic Charlatans, Ignoramuses, and Statists"
http://www.garynorth.com/public/7262.cfm

I URGE YOU TO READ IT. I think his main points are critical at this juncture. The problems he lays out are very real and are serious. Toward the end he talks about how he wants to try to address the problem with youtube videos. Perhaps there is some opportunity for collaboration or something.