Road To Serfdom & The New Economics

[leon]

"What part of the word Empire don't you inderstand?"
British are not mentioned by name, but at least that meaningless NWO term is not mentioned either.

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[GaryN]

Can we learn anything from the past? Some links about Solon and the financial and constitutional crisis of antient Greece. Seems like we still have slavery and serfdom, not much changed in that dept.

http://en.wikipedia.org/wiki/Seisachtheia
http://en.wikipedia.org/wiki/Solon
http://ancienthistory.about.com/od/demo ... tution.htm
http://www.schillerinstitute.org/fid_91 ... solon.html

[leon]

Yes, Gary, our biggest misfortune is lack of “institutional memory” and surface knowledge of the history from the “comic books” approach rather than going to the source.
I was talking to my daughter and suggested that she reads the works and letters and “Federalists Papers” by A. Hamilton. She loved the language, couldn’t help noticing how deep and beautiful it was, how it is different from anything we find in the modern English writings.
But she couldn’t finish it – was too hard.
I have to admit that I am admiring the Imperial Institutions, even that they do the Evil work. I am admiring their extremely deep and versatile Institutional Memory and Knowledge Base, their ability to plan for long stretches of time, 20, 30, 50 years ahead.
Take a look at the way they took down the US Commercial Banking System. I believe it took overall more than 40 years to accomplish, with sometimes small “insignificant” changes to existing government policies, all changes having (on the surface) well-defined and acceptable justifications, but in the end acting as a small building blocks of the single Evil plan.

[Southpark Fan]

The World Bank’s “Papergate”: Censorship Is Not the Best Way to Stop Development Aid From Fueling Corruption
Promarket | February 18, 2020 || Stefano Feltri

A new study of World Bank data finds that aid disbursement to highly aid-dependent countries coincides with sharp increases in bank deposits in offshore financial centers, but not in other financial centers. According to The Economist, the World Bank refused to release the study. Afterward, its chief economist resigned. Here is the full content of the allegedly-censored paper.
...
Countries that depend most on aid, like Afghanistan or Burkina Faso, are usually also the worst managed. According to the paper’s results, development aid might improve ordinary people’s lives and respond to their immediate needs, but it can also help local corrupt politicians amass personal wealth that can consolidate their power. If local politicians become richer and more powerful the more aid they receive, they will have no incentive to actually work to develop their country.

Today, Johannesen posted the most recent draft to his personal website. It is not difficult to understand why World Bank executives were upset.

[MichaelC]

Is the "aid" an outright gift or is it a loan at interest?

[Southpark Fan]

Generally speaking I think there are loans and grants. I would assume there is interest on any loans made to countries.