Imagine an expert who advocates a laissez faire approach to any problem. He or she wouldn’t advance very far in “the expert model.” For example, Alan Greenspan, a social climber above all, realized this at an early age and changed his worldview (which originally favored a gold standard). Others, like Henry Kissinger, are
plucked out of obscurity and promoted because their views are in perfect alignment with those of the political establishment. Milton Friedman was a clever, but unusual choice for
respectability. Known for his free market views, Friedman was a monetarist who argued for
greater intervention by the Federal Reserve in the 1930s to prevent the Great Depression. He would later influence a man named Ben Bernanke, champion of “helicopter money.”
In order to rise through the ranks, economists, geopolitical consultants, regulators, and health experts must conform to the interventionist script.
~ Kevin Duffy, "
The Expert Model,"
LewRockwell.com, May 27, 2020
No comments:
Post a Comment