Walter Lippmann

From Wikinormous

A man interested in language and philosophy. A type of adviser to Woodrow Wilson (who signed into law the Federal Reserve Act the day after the secret Jekyll Island meetup). Was Lippmann as insightful in moneymaking and banking as manufacture of consent? Chomsky talks heftily of the latter and smugly little of the first.

"Without some form of censorship, propaganda in the strict sense of the word is impossible. In order to conduct propaganda there must be some barrier between the public and the event." Walter Lippmann

Below from the William McChesney Martin, Jr. Collection. Missouri Historical Society;

In a column in the Washington Poet for February 8, 1951 Mr Walter Lippmann presents the Federal Reserve case with respect to the present interest rate controversy.

This case is as follows: We have had a serious inflation since last June. This inflation was caused by "the compulsory manufacture of money in the Federal Reserve System in order to buy those Government securities which the Treasury insisted must be bought at a fixed price." After noting the rise in demand deposits between April and December and the price rise occurring at the same time, Mr. Lippmann concludes "This is about as clear a case of purely monetary inflation as one can find."

"I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit. Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men." Woodrow Wilson, presumably after signing the Reserve Act 1913

G Edward Griffin, writer of The Creature from Jekyll Island, mentions here of Mandrake the Magician, someone who could conjure up anything, like the FED creating money out of nothing.

Demokratins förfall

Av Mats Lönnerblad - Bankrättsföreningen - 11 juni 2007 Skriver om boken; Eliternas uppror och sveket mot demokratin av Christopher Lasch

"Walter Lippmann, som är en av den moderna journalistikens pionjärer, har också bidragit med många värdefulla synpunkter varför den moderna demokratin har urholkas. Lippmann menade att allmänhetens är intresserad av rättsskipning, inte av lagar, av rättsskipningens metod, inte av dess innehåll."

"Allmänheten tror att väsentliga frågor utan risk kan överlåtas till experterna, vilket är ett stort misstag. Den offentliga opinionen var ett rö för vinden, hävdade Lippmann."


the FED and inflation Missouri Historical Society William McChesney Martin, Jr. Collection, mentioning Lippmann.

<comments />