JCT: One of my favorite current events writer is Gwynne Dyer
even though, when it comes to how the money system works, he
sows as much disinformation as the bad ones.

On Aug. 4 2005 in his column titled "Shadow on the Euro," he
says the Euro "imposes the same interest rate on Germany
(which needs a lower rate to help it escape from a long
economic downturn) and on Spain (which should be raising
interest rates to cool the inflation caused by its economic
growth)."

So here's another who thinks inflation is the Shift A "too
much money chasing the goods," as he was taught to believe,
and has no clue that that's it's actually the Shift B "too
little goods being chased by the same money." See:
http://www.cyberclass.net/turmel/biglie.htm or
http://www.cyberclass.net/turmel/bankmath.htm

A few weeks earlier, we can see how prevalent the
conditioning is:

Inflation rate rises slightly
Canadian Press
by Maria Babbage

"the gentle increase in the consumer price index didn't
alter expectations that the Bank of Canada will soon raise
interest rates to curtail inflation."

The Big Lie of Economics is never-ending. And it's super
cognitive dissonance. You can make anyone admit that when
banks raise interest rates, businesses pass it along and
prices rise but in the very next instant, the double-
thinkedly swallow that "interest rates curtail inflation."

It's the best example of George Orwell's double-think there
is. You point out the truth and in the very next instant,
they've forgotten it because it contradicts everything
that's been drilled into their brains.

Interest curtails inflation no matter how much it raises
prices.

Sad to see the world's better writers just as duped.


--
Abolitionist Slave Leader John C."The Banking Systems Engineer" Turmel
for UNILETS interest-free time-based currency in U.N. resolution C6
to Governments in the http://www.un.org/millennium/declaration.htm
http://www.cyberclass.net/turmel 519-753-0645 USENET: can.politics