Aug 18, 2020

Kevin Duffy on government "experts"

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

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