There’s an article in today’s Los Angeles Times about Fed head Janet Yellen speaking about interest rates and the dismal economic outlook America has thanks to her policies and those of President Obama.
That’s all old news.
What is interesting is that Yellen delivered her remarks at the truly awful Institute for New Economic Thinking (INET). Nazi collaborator George Soros provided $50 million in seed money to create this far-left think tank that wages war on free markets every day. Attacking civil society and augmenting government power is always the solution to every problem.
That Yellen takes INET seriously enough to grace it with her presence is scary in itself.
Right now the INET website features items representative of Soros’s schizophrenic worldview.
One is a video called “How Elite Power Brokers Corrupt our Finances, Freedom, and Security.” Funny. That title describes Soros. He is, after all, an elite power broker who corrupts everything he touches.
Soros founded INET not long after making some characteristically disturbing remarks.
“The system we have now has actually broken down, only we haven’t quite recognized it and so you need to create a new one and this is the time to do it,” he said. In a separate interview he said European-style socialism “is exactly what we need now. I am against market fundamentalism. I think this propaganda that government involvement is always bad has been very successful — but also very harmful to our society.”
Soros, like so many other radicals, adores setting up straw men. Nobody, except for a few anarchists and libertarians, argues that government involvement is “always” bad. But that’s what Soros and his ilk do in an effort to de-legitimize their adversaries.
INET’s “about us” page lists a whole bunch of radicals and leftists associated with the organization.
Among them are socialist economist Joseph Stiglitz, Earth Institute director Jeffrey D. Sachs, Harvard professor Amartya Sen, developer and Democracy Alliance member Albert J. Dwoskin.