Education you're taxed to pay for.. [infuriating Schiff radio's guest interview]

[hazek]

Yesterday Peter's guest on his radio show was prof. James Livingston, a professor of history at Rutgers University who wanted to talk about his new book.

Bio taken from amazon:

James Livingston has taught history at Rutgers since 1988. Before then, he taught at a community college, a maximum-security prison, a small liberal-arts college, and three state universities. He's the author of five books, beginning with Origins of the Federal Reserve System (1986), on topics in economic, intellectual, social, and cultural history. His published essays include studies of Shakespeare, banking reform, cartoon politics, pragmatism, diplomatic history, Marxism, slavery and modernity, feminism, corporations and cultural studies, psychoanalysis, capitalism and socialism. He lives in New York City.


You will not believe the utterly idiotic beliefs this so called professor is passing on to his students(and how hard Peter destroys his arguments and wipes the floor with his ideas):


http://www.youtube.com/watch?v=ai1XpMw6-qI

[Travlyr]

It is amazing that people go into debt to pay people like Professor Livingston to lie to them. That is because a college degree is considered necessary even if it is worthless. Through that lie, government grows which eliminates productive opportunity and makes is virtually impossible to repay the debt created by Livingston's salary. Then the student's credit is destroyed which makes it even harder to find opportunity to earn enough to repay the debt. The insiders get rich.

[hazek]

Afternoon bump.

[trey4sports]

good interview.

[AGRP]

The only thing that lends these people credibility is their egotistical titles that magically lend them credence.

How The Federal Reserve Bought The Economics Profession: http://www.thenorthwestreport.com/priceless-how-the-federal-reserve-bought-the-economics-profession/

[Travlyr]

The only thing that lends these people credibility is their egotistical titles that magically lend them credence.

How The Federal Reserve Bought The Economics Profession: http://www.thenorthwestreport.com/priceless-how-the-federal-reserve-bought-the-economics-profession/
The whole lot of them are fracken high dollar liars ... puppet masters leaching off of unsuspecting teenagers by strapping them and their parents deeply in student loan debt for the banking masters. Keynesian economic professors are a sick bunch of psychopathic elites.

The Fed has the professors bought and paid for, and they have for a very long time. Even in the OP interview with Peter Schiff, Professor James Livingston has proved that "if you can't dazzle them with brilliance, then baffle them with bullshit." Everyone who has taken one of Professor Livingston's classes should demand their money back.

Priceless: How The Federal Reserve Bought The Economics Profession (http://www.thenorthwestreport.com/priceless-how-the-federal-reserve-bought-the-economics-profession/)

One critical way the Fed exerts control on academic economists is through its relationships with the field’s gatekeepers. For instance, at the Journal of Monetary Economics, a must-publish venue for rising economists, more than half of the editorial board members are currently on the Fed payroll – and the rest have been in the past.
I had to laugh out loud when I read this quote,

Three Decades of Domination
The Fed has been dominating the profession for about three decades. “For the economics profession that came out of the [second world] war, the Federal Reserve was not a very important place as far as they were concerned, and their views on monetary policy were not framed by a working relationship with the Federal Reserve. So I would date it to maybe the mid-1970s,” says University of Texas economics professor – and Fed critic – James Galbraith (http://www.utexas.edu/lbj/directory/faculty/james-galbraith). “The generation that I grew up under, which included both Milton Friedman on the right and Jim Tobin on the left, were independent of the Fed. They sent students to the Fed and they influenced the Fed, but there wasn’t a culture of consulting, and it wasn’t the same vast network of professional economists working there.”
"Three decades"... lolz ... "Fed critic"... lolz... "wasn't a culture of consulting" ... lolz... what a bunch of baloney Professor James Galbraith (http://www.utexas.edu/lbj/directory/faculty/james-galbraith). Nobody believes your bullshit anymore.

The University of Chicago - Founded by John D. Rockefeller (http://www.bgsu.edu/departments/acs/1890s/rockefeller/bio3.htm)

Rockefeller gave $80 million to the University of Chicago (http://www.xtimeline.com/evt/view.aspx?id=50555) under William Rainey Harper, turning a small Baptist college into a world-class institution by 1900.

Milton Friedman (http://en.wikipedia.org/wiki/Milton_Friedman)
(July 31, 1912 – November 16, 2006) was an American economist, statistician, academic, and author who taught at the University of Chicago for more than three decades.

"Arthur Burns shaped my understanding of economic research, introduced me to the highest scientific standards, and became a guiding influence on my subsequent career." -- Milton Friedman

The Austrian-born Arthur F. Burns (http://www.cooperativeindividualism.org/burnsbio2.html) was the prominent and influential Chairmen of the Board of Governors of the Federal Reserve System from 1970 to 1978.
The rabbit hole runs deep.