Tuesday, 14 January 2014

Central bank propaganda from the central banker’s central bank

In a four-minute piece of video propaganda on what is supposedly their specialist subject, money, the Atlanta Federal Reserve gets at least five things wrong, explains Mish Shedlock, including:

  1. What money is
  2. Price stability
  3. Exponential math
  4. Who benefits from inflation
  5. That Federal Reserve policies are responsible for asset bubbles that grow increasingly larger over time

That's one hell of a lot of things to be wrong about [in just four minutes], especially for someone "big on getting our communications right."

Read more (and watch the video if you must) at Mish’s post: Money as Communication: A Purposely "Non-Educational" Fallacious Video by the Atlanta Fed

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