Ahhaha: Your prose is poetry. The FED, even in it's finite wisdom, has nary a chance of controlling the economy through monetary means, to the extent that they can foster indefinite growth or forever preclude panic. Instead, they have undermined the free-market system and further added to the chaos, increasing the degree of economic extremes.
The logical conundrum of the goldbugs, namely that in the extreme living condition, a "nuclear scenario", gold will not be convertible to guns and food, is a truism. Such a situation from wartime Holland is described in Gary North's excellent book "Government by Emergency." However, that is not to say that an intermediate condition, such as when there is no starvation, the rule of law still holds, and yet fiat money has lost all value, can exist.
The "mindthink," as you aptly call it, is indeed prevalent in Universities. What can we expect from academics who sit in chairs paid for through FED sponsored "research" courtesy of you, me and the rest of you unfortunates out there who may stumble upon this obscure lament?
Bob |
