Soros propoganda: unwavering belief in unchecked free markets pervasive in universiti

[emazur]

http://www.ft.com/cms/s/0/e45b353a-c...nclick_check=1

George Soros, the fund manager, has pledged $50m to back a new think-tank with the mission of reconceiving the field of economics, which he describes as “a dogma whose time has passed”.

The group, to be called the Institute of New Economic Thinking, will gather luminaries in the field of economics to reflect on the ideas that allowed the latest economic crisis to transpire and to bring new ideas to a profession that some argue has become too deeply entrenched in free-market ideology.
EDITOR’S CHOICE
Transcript: Soros on the Institute of New Economic Thinking - Oct-27
Video: The George Soros lectures - Oct-27
Opinion: Do not ignore the need for financial reform - Oct-25
Soros calls Wall St profits ‘gifts’ from state - Oct-23
Video: Soros on the crisis, currencies and reform - Oct-24

The group’s advisory board will be studded with economists such as Jeffrey Sachs, George Akerlof, Kenneth Rogoff and Joseph Stiglitz as well as public commentators such as Anatole Kaletsky and John Kay, a Financial Times columnist. Mr Soros is pledging $5m a year for 10 years.

Mr Soros, who has long been a critic of economic “fundamentalism”, blames the unwavering belief in unchecked free markets, which remains pervasive in universities, for allowing financial markets and asset prices to melt down. Through INET, he will be indirectly funding his philosophy of “reflexivity” – that markets tend to influence perceptions of reality, which in turn feed back into markets.

[jkr]

thats what happens when you can create wealth out of nowhere...and then not share it with me...

[hugolp]

Its funny because Soro's allways repeats that we need regulations, and it is the example I allways get when debating of a "pro free-market selfish man". People live in Matrix.

[LDA]

I'm pretty sure no one is against all regulations, just against the unnecessary ones. Obviously, some regulations protect the individual (or other companies) from fraud, and those are legitimate.

The problem is that most of the people that think the free market is nonsense also believe that we can spend/inflate our way out of this mess.

[hugolp]

I'm pretty sure no one is against all regulations, just against the unnecessary ones. Obviously, some regulations protect the individual (or other companies) from fraud, and those are legitimate.

The problem is that most of the people that think the free market is nonsense also believe that we can spend/inflate our way out of this mess.

Well, usually when you say we dont need regulations we want a free market, you dont mean you need to get rid of property or fraud law. And when someone says we need regulations it means that goverment should be in control.

[mtj458]

This is BS. My econ class is taught by some guy that claims to be a big Milton Friedman fan yet he supports all kinds of government interventions. Most of the people in my class think there was absolutely no debate among economists about whether we needed a stimulus or to inflate our way out of recessions thanks to him.

[emazur]

Dobbs calls Soros "disgusting"
YouTube - George Soros blames free markets, creates $50 million (Marxist?) thinktank

[davesxj]

I was most certainly taught keynesian economics in my university.

[Carson]

We have never had a free market system. Well at least in my adult life.

It may sort of appeared free but as long as you have a system where the government can counterfeit money and undermine all of the honest peoples labor and endeavor, it just isn't a free market system.

it just isn't a free market system.

it just isn't a free market system.



Maybe this will help make the danger of fiat money clear.

Imagine you and me are setting across from each other. We create enough money to represent all of the world’s wealth. Each one of us has one Zero Dollar in front of him.

(click for picture source)

You own half of everything and so do I.

I’m the government though. I get bribed into creating a Central Bank.

You’re not doing what I want you to be doing so I print up myself eight more Zero Dollars to manipulate you with.


All of a sudden your Zero Dollar only represents one tenth of the wealth of the world!


That isn’t the only thing though. You need to get busy and get to work because you’ve been stiffed with the bill for the money I printed up to get you to do what I wanted.


That to me represents what has been happening to the economy, and us, and why so many of our occupations just can’t keep up with the money presses.

They have been beating us with our own stick!!!!1

(click for picture source)

CPI showing the value and purchasing power of money falling as fiat money is printed up unrestrained.

The little bumps at the wars were other times we experimented with fiat money. It looks like they are at war with us all now.