Categories



TheLibertyMill




The Phaserl








AvatarProducts

Faced With Central Bank Dysfunction, Media Focuses on Individuals, Not the System

from The Daily Bell:

Raghuram Rajan: Why RBI needed more of him … Finally, Prime Minister Narendra Modi spoke up to give outgoing RBI governor Raghuram Rajan a thumbs up. The endorsement that came a wee bit too late was welcome nevertheless … – India.com

With economies worldwide in a mess, the mainstream media is increasingly concentrating on individual central bankers.

This is propaganda, of course.

Instead of having to deal with the failure of central banking as a system, the media can direct attention to individual central bankers and ask whether they are “up to the task.”

In fact, central banking is price fixing – of money. Price-fixing never works and eventual results in catastrophic failures.

By focusing on the individual in charge of a given central bank, the mainstream media redirects our attention.

We are supposed to stop wondering whether the system is a failure and instead try to figure out whether the individual running a given central bank is competent.

Rajan is a good example of this sort of approach.

Since he resigned, there have been a number of commentaries in the Indian and Western media expressing disappointment.

Read More @ TheDailyBell.com

Help us spread the ANTIDOTE to corporate propaganda.

Please follow SGT Report on Twitter & help share the message.

1 comment to Faced With Central Bank Dysfunction, Media Focuses on Individuals, Not the System

Leave a Reply

You can use these HTML tags

<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>