Friday, December 19, 2008

Got Inflation?

No one can deny that Hollywood produces a steady stream of cinematic reinforcement for a particular point of view: corporations are bad;  government is good (unless it protects corporations); humans are destroying the planet; white men are either evil or buffoons; and wisdom is best spoken by women, children, and the oppressed. But Hollywood propaganda is nothing new. 

In 1933, Hollywood produced propaganda to sell the idea of inflation to the masses. Think of it as Keynesian Economics for Dummies.

Henry Hazlitt described Keynesian economics as “one of the great intellectual scandals of our age." 

Read more here.

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