MCViewPoint

Opinion from a Libertarian ViewPoint

How the lizard people avoid answering questions

Posted by M. C. on June 3, 2022

The best we can say about American elites is that they are deeply unimpressive people, and don’t know what they’re doing.

Another, rather more terrifying theory, is that they know perfectly well what they’re doing.

(This is an honorable disagreement among us.)

Whichever side you come down on, though, we agree that these are not people to rely on, or people who are going to improve your life.

The lockdown/mask/mandate regime should have made that clear enough, but the problem goes well beyond that.

Federal Reserve officials are another excellent example.

During the second George W. Bush term there were some excellent video compilations made showing just how in the dark then-Fed chairman Ben Bernanke was about every last trend that was about to blow up in Americans’ faces.

My favorite bit of Federal Reserve history involves former chairman Alan Greenspan explaining to Lesley Stahl how he managed to avoid answering questions before Congress. “I would engage in some form of syntax destruction, which sounded as though I were answering the question, but in fact had not.”

Stahl played for him a clip from a congressional hearing in which he had obviously been engaged in this practice. “Very profound,” he jokingly said to her after watching the clip. “Very profound,” she laughed in reply. “Impenetrably profound.”

Ha, ha, Lesley. Isn’t it just so funny the way our elites pull the wool over our eyes? What a knee slapper!

So-called progressives, meanwhile, who posture as protectors of the little guy, are curiously silent about the Fed, whose policies intensify inequality, reward influential people and institutions for their reckless behavior, and set the economy on a boom-bust cycle that can ruin people.

Just yesterday, Treasury Secretary Janet Yellen admitted that she’d been wrong about inflation, the precise thing that as a former chair of the Federal Reserve she would be expected to understand and anticipate.

“I was wrong then about the path that inflation would take,” she said. “As I mentioned, there have been unanticipated and large shocks to the economy…that I, at the time, didn’t fully understand.”

This problem was not caused by “unanticipated and large shocks to the economy.” If you’ve seen the money supply charts, you know that.

And we covered it on the Tom Woods Show with Gene Epstein, formerly of Barron’s:

https://tomwoods.com/ep-2092-inflation-what-caused-it-and-where-its-going/
I genuinely don’t know how ordinary people are enduring this present bout.

So remember, coming up very soon is the world premiere of the Money 2022 docuseries — which features normal people, rather than the lizard creatures who rule us.

You can watch the whole series for free if you register in advance. After that, they start charging for it.

What we are supposed to do in the current circumstances is a darn good question, and this series seeks to answer it.

The company making it is full of friends of mine, and has featured me in their documentaries as well. They have to deal with Big Tech censorship, so they rely on friends like me to spread the word about their important work.

Please click here to register for free:

http://www.tomwoods.com/moneyseries
Tom Woods

Be seeing you

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