For writing what the European medias don't have the guts to put on paper: http://www.lewrockwell.com/north/north884.html .
Ever since May what we call "the mediatic gag" has fallen over the press: you'll be hard pressed to find a single piece of bad economic news. Even specialized economical media run rosey "record GDP growth" stories and little else. Greece? Forgotten. Portugal? Forgotten. Spain? Forgotten. Italy? Forgotten. The propaganda machine is in full swing. This Monday a few Italian newspapers run a story in the center pages: "Sovereign debt boms as tax entries plummet in the first semester". Datas came from the Central Bank itself. The Ministry of Finance immediately replies "Nothing to worry about, the Central Bank has just miscalculated some macroeconomic indicators, we are in full growth mode". And the story was buried and nobody complained, not even the usually garrulous leftist medias.
Mr North is absolutely spot on in talking about a "bamboozled public": voters desperately want to believe the good times are here again. They don't want to hear bad news: say the housing bubble has burst and it's not inflating again anytime soon and you'll be branded as a defeatist. Just like that Florentine noble who refused to look into Galileo's telescope they refuse to look at the rusting construction cranes or at the rows of overpriced houses awaiting a buyer. It's like living in a world of little children putting their fingers in their ears and screaming loudly to avoid hearing some bad news.
Mind that a small part of the public seems to have woken up: they have taken notice that things are going from bad to worse. But the most part lives in what Mr North rightly calls "something for nothing" mentality. Little children (with all respect to children) living in the bodies of adults.
It's like living in a world of little children putting their fingers in their ears and screaming loudly to avoid hearing some bad news. Little children (with all respect to children) living in the bodies of adults.
It's like living in a world of little children putting their fingers in their ears and screaming loudly to avoid hearing some bad news.
Little children (with all respect to children) living in the bodies of adults.
And I thought I was the only one thinking that of the poor Europeans.
As a european that agrees with the sentiment of the paragraph, I fail to see how present USA is any different.
hugolp: As a european that agrees with the sentiment of the paragraph, I fail to see how present USA is any different.
Perhaps I illude myself, but I really don’t think that the state of mind of the median yank is nearly as socialistic as the that of the US media. Hell, even the brits seem to be more pro freedom than the original EU-6, let alone the Americans.