Gary North on current economic affairs and investment marketsGary North -- Specific Answers
HomeContact MeTell a FriendText SizeSearchMember Area
Gain immediate access to all of our current articles, the question-and-answer forums, dozens of free books, and article archives. Click here for details on how to join.

About This Site
Academic Gaps
Capitalism and the Bible
Christian Economics
Clichés of Protectionism
College Finances
Debt Management
Ellen Brown: Critique
Federal Reserve Charts
Gary North's Free Books
Get Published Here!
Gold Price & My Report
Keynes Project
One Lesson
Price Index (U.S.A.)
Questions for Jim Wallis
Remnant Review
Social Security/Medicare
Sustained Revival
Tea Party Economist
U.S. Debt Clock
Yield Curve
Your YouTube Channel
Gary North's Miscellany
Budgeting for Wealth
Business Start-Up
Career Advancement
Digital Tools
Education That Works
Evernote: Free Notes
Federal Reserve Policy
Fireproof Your Job
Goal-Setting for Success
Great Default
Inheritance Strategies
International Investing
Investment Basics
Job and Calling
Keynesian Economics
Marketing Case Studies
Precious Metals
Real Estate
Safe Places
State of the Economy
Stocks and Bonds
Study Habits
Video Channel Profits
Members' Free Manuals
Our Products
Contact Me
Tell a Friend
Text Size
Your Account
My 100% Guarantee
Privacy Policy
Terms of Use

This site powered by MemberGate
home | Brown's Errors: Economy

Ellen Brown's Errors in Monetary Theory and Economic Theory

Gary North

Ellen Brown is not an economist. Her book, The Web of Debt, offers two pages of recommended reading (pp. 487-88). Not one book on either monetary theory or economic theory appears.

That she could publish a book on fractional reserve banking without citing Murray Rothbard's The Mystery of Banking (1983), which is available as a free download at the Mises Institute, indicates that she does not agree with Rothbard. She also ignores his little masterpiece, What Has Government Done to Our Money? (1964), also free. She ignores his article, "The Case for a 100% Gold Dollar" (1962). It, too, is free. Yet she mentions his brief history, Wall Street, Banks, and American Foreign Policy. In short, she knows who he was and what he stood for. He was a defender of a free market gold coin standard, with government out of the money production business. She hates this idea with a passion equal to her hatred of fractional reserve banking.

You can verify what I write about here in the free online version of the book that Google Books has posted. Access it here.

Economic Error #1: Governments Should Get Out of Debt by Printing Paper Money.
Gary North
If the Federal government can escape debt this way, why not any government? Why should any civil government be in debt? Ellen Brown Can't Say. . . . keep reading
Economic Error #2: There Is Not Enough Gold to Facilitate Trade in a Growing Economy.
Gary North
Ellen Brown holds to one if the familiar inflationist arguments. It assumes that prices must never fall. . . . keep reading
Economic Error #3: Scarcity Is the Result of Greedy Bankers.
Gary North
Ellen Brown uses the oldest and most erroneous socialist idea, that scarcity is the product of poorly designed institutions, and that political reform can eliminate it. . . . keep reading
Economic Error #4: Mercantilism's State-Run Economy is Harmonious; the Free Market Isn't.
Gary North
Ellen Brown is a mercantilist. She hates the free market. She recommends abolishing it. . . . keep reading
Economic Error #5: Keynes Was Correct About Money
Gary North
Ellen Brown is a Keynesian. She is quite open about this. Yet conservatives and Tea Party members have embraced her as a spokesman for conservatism. . . . keep reading
Economic Error #6: Roosevelt's New Deal Made America Richer Through Federal Spending on Public Works
Gary North
Ellen Brown is a promoter of the modern welfare state. She is especially favorable to Roosevelt's New Deal. . . . keep reading
Economic Error #7: Roosevelt's Food Price Controls, Which Raised Food Prices, Were Good for America.
Gary North
Ellen Brown believes in Federal price floors for farm products. She believes that tax money should be given to farmers not to sell their food to the public. . . . keep reading
Economic Error #8: Keynes Was a Great Economist Because He Recommended Federal Budget Deficits.
Gary North
Ellen Brown is a Keynesian. She praises Keynes as the economist who recommended huge government deficits. . . . keep reading
Economic Error #9: Murray Rothbard's Theory of Money Is Wrong (Especially When You Alter What He Wrote).
Gary North
Ellen Brown tried to refute Rothbard's theory of money in one sentence. She also altered what he wrote without telling the reader. Not smart. I caught her. . . . keep reading
Economic Error #10: Roosevelt's New Deal Allocated Capital Far Better Than the Free Market.
Gary North
Ellen Brown thinks Roosevelt's Reconstruction Finance Corporation boondoggle was a great thing for America. . . . keep reading
Economic Error #11: A Monetary System Is a Contractual Agreement of an Entire Nation.
Gary North
Ellen Brown thinks we have all made a contact to use money at an agreed-upon value. I haven't. How about you? . . . keep reading
Economic Error #12: Falling Prices and Increased Productivity Produce Depression and Poverty.
Gary North
Ellen Brown would have you believe that if all goods fall in price the way computer storage prices fall, we would all be in abject poverty. So, she wants to government to print paper money to make us prosperous. . . . keep reading
Economic Error #13: The Government Can Pay Off Its Debt, Inflation-Free, by Printing Money.
Gary North
Ellen Brown thinks Congress should tell the Treasury to print up trillions of dollars and buy back all U.S. government bonds. This will not raise prices, she says. . . . keep reading
Economic Error #14: The Government Can Pay Off Social Security by Printing Paper Money Without Inflation. (Please Ignore Medicare.)
Gary North
Ellen Brown says the entire Federal debt can be paid off with paper money, and this will not raise prices. . . . keep reading
Economic Error #15: Congress Can Safely Be Trusted to Manage the Money System Without Any Price Inflation.
Gary North
Ellen Brown trusts Congress. When you think "Ellen Brown" think "Pelosi money." . . . keep reading
Economic Error #16: The Federal Government Should Build a Larger Welfare State with Fiat Money Printed by a Nationalized Federal Reserve.
Gary North
Ellen Brown thinks America needs a larger welfare state. . . . keep reading
More HeadlinesMore Headlines
 Tip of the Week
Sign up for my free
Tip of the Week
Verification Characters:    Type     S  2  I  R  Y     here   

Tip of the week archives
On what this icon
means, and how it
can help you,
click here
 Q & A Forums
General Q&A Forum
Advertising and Resumés
American History Topics
Backyard Food Gardening
Banking and Politics
Blog Sites and Web Sites
Books Worth Reading
Bumper Sticker Slogans
Business Forum
Buying Smart
Christian Service Forum
College -- The Cheap Way
Education Alternatives
Food Storage
For Women Only
GNC Benefits
GNC Testimonials
Gold and Silver
Great Default Forum
Health and Diet
Health Insurance
Investments Forum
Iran War
Job, Calling, and Career
Leadership Development
Legacy Building
Less Dependent Living
Local Political Action
Non-Retirement Forum
One Good Idea
Police State
Public Speaking
Real Estate Forum
Remnant Review Forum
Safe Places Forum
Taxation Policy
Typographical Errors
Video Production Basics

Reality Check
 Discussion Forum
Search Discussion

Recent Forum Posts
• Negative interest rates
• Looking for educational material
• Safe currencies to hold
• Benjamin Graham?
• A Motif masochist investor asks
• "Asset Based Long Term Care" annuities
• Buying pipelines at the next crash
• RE:Concierge Doctor
• Discover Bank 0.9% APR?
• getting out of the euro
• Amazing Dollar Strength
• Stuck in 401K. Help!
• Currency Wars
• Need Any Adjustments?
• What is the third question?
• Developing a mobile home park
• Word press plug in
• Rent controls in mass inflation:where to go?
• How to calculate ROI for a rental property?
• How should I sell a house?
• location Vs. amenities
• DFW Real Estate - Bubble Economy
• Rental houses: cash flow
• RentoMeter site
• Renting individual Rooms vs. Whole house
• Are real estate agents driving this phenomenon?
• Intro to Real Estate
• best-and-worst-m arkets-for-rent al-returns
• Establishing a rental farm away from where I live
• 9 out 10 Most Expensive Cities are in California
• US Pop update: 78% pop decline by 2025 !
• Price Book- End of America
• Time to leave America while you still can ?
• Impact Fees for New Florida Residents
• New Hampshire and Florida
• Ecuador and PR
• Survivor library
• Missle Silo converted to Condos
• Does the South suck?
• Moving TO the US?
• No City for Old People
• Will you die getting to your bug out location?
• teaching English overseas - some questions
• The state with the most Liberty
• Switzerland and Firearms
• Kurzweil on Financial Times
• Why is this fantasy world stuff?
• One change could help saving for retirement
• Forced retirement - lump sum - legal work
• Moving Retirement Funds
• Sudden Wealth Advice
• Sudden Wealth Advice
• Question on Traditional Pensions
• advice on how do I interact with my older parents?
• Do You Sincerely Want to Be Rich? Why?
• Req. For No 401(k)/Other Pensions via Relocatio
• Cashing out 401K to pay student debt?
• SS @ 62 and still working
• Desolation or Prosperity?
• I take it Retirement Armageddon is not available
• How to get rid of comments on YouTube
• Is this the apocalypse? ask locals.
• Negative bank interest in US -Booming stock market
• Psychological Principle.
• My local plumber and yellow page advertising
• Turing Test for Financial Advisor
• Jade Helm 15
• Broken Window Minimum Wage Churchill Discussion
• I'm at a Checkpoint
• What's Holding Homeschooling Back?
• Buying Rental Properties
• Wikipedia: Dr North has missed the point
• marketing question
• The Industry in Which Costs and Revenues....
• How to Overcome Fear
• A Low-Cost Weekend Business to Retire Into
• Questions for small business owners
• Leasing Question
• New Motor Technbology
• MBA programs that get you where you want to go
• a different marketing - using academia
• Video Interview Equipment
• Beginner Business Structure
• Apply 80/20
• Good Recruiting wins Championships = $$$
• Meeting with the State
• Family earns $1 Million from YouTube vids
• Customer Service and Ethics Still Rule?
• Business Loans Question
• The life value of a customer ?