Saturday, September 21, 2013

Don't forget - - Socialist Worker's Party, I mean "Modern Money" lectures at Columbia Law School this Monday night!

Hard leftists at Columbia explain central banking while meticulously avoiding mention of Austrian analysis or even the US Constitution. 

In New York (and in Michigan and Massachusetts, home of Harvard),a lawyer shall not knowingly fail to disclose to the tribunal controlling legal authority known to the lawyer to be directly adverse to the position of the client and not disclosed by opposing counsel;

See Rule 3.3(a)(2) of the New York State Rules of Professional Conduct for attorneys.

Farley Grubb, one of the prior presenters, has written:

This new U.S. Constitution, ratified by the states and then adopted by Congress in 1789, profoundly altered the nation’s monetary structure. It was nothing short of revolutionary (Ferguson 1983, 404-405). Before the U.S. Constitution, the principal “inside” paper money in circulation was issued directly by government legislatures and backed not by specie (the “outside” money of the times) but by the issuing government’s future taxes.2 Very few banks existed—none before 1782 and only three by 1787. AFTER THE U.S. CONSTITUTION, GOVERNMENTS WERE PROHIBITED FROM ISSUING PAPER MONEY.

This fact has not been mentioned by the other presenters and is utterly contrary to the entire Magic Money Tree, I mean Modern Monetary Theory "paradigm".


Before being allowed to practice law in the State of New York, each person must take the constitutional oath of office in open court:

I do solemnly swear that I WILL SUPPORT THE CONSTITUTION OF THE UNITED STATES, and the constitution of the State of New York, and that I will faithfully discharge the duties of the office of attorney and counselor-at-law, according to the best of my ability.

So, can you be a Keynesian and an attorney at the same time?


I've had a run-in with Mr. Vernengo before. 

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