Sept. 25, 2010
I have written about what I call false-flag infiltrators.
This infiltration has been going on for over 60 years.
I have updated a private paper that I wrote for my father-in-law in 1965. It will be published by the Mises Institute. I am releasing it early, so that I can get alerted to typographical errors. I want it to go to press clean.
The problem I deal with is fiat money inflation. There is an old Leftist movement of the late 1890s, Greenbackism. It was always on the Left until the 1930s. Then it began to move into the anti-Roosevelt fringe. Some of them were far leftists, such as the antisemitic Catholic priest, Father Charles Coughlin. Others were on the Right, or so they said. Among these was Gertrude Coogan. Her books are still in print.
In my minibook, I show how Coogan was pushing Keynesianism the year before John Maynard Keynes's book, The General Theory of Employment, Interest, and Money (1936), was published.
Coogan's ideas are being revived by Ellen Brown, especially in her book, The Web of Debt (2006). There is hardly a new idea in her book. Coogan covered the bases.
These people want Congress to take over the monetaty system. They want a pure fiat money standard. They assure us that we can trust Congress to restrain spending and avoid price inflation. They are at last getting a hearing.
You can download it here: http://mises.org/books/coogin_north.pdf
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