Monday, December 7, 2020

Is This AOC's Economic Adviser?

 It is, of course, welcome to see someone thinking about paper money.

But it is a sad commentary on current educational institutions that this woman does not understand the evolution of gold warehouse receipts into paper money with no gold backing that can be increased at any time. 

And that yes, it is this additional money printing (both paper and electronic) that does distort the economy and put upward pressure on prices.



  1. Government schooling works. As does propaganda.

  2. Rothbard said it best:

    “It is no crime to be ignorant of economics, which is, after all, a specialized discipline and one that most people consider to be a 'dismal science.' But it is totally irresponsible to have a loud and vociferous opinion on economic subjects while remaining in this state of ignorance.”