Importance of Media and Truth for Capitalism and Wealth Preservation

The truth is that no finance expert/author, culled by the top publishing houses or journals or media, predicted the financial meltdown, let alone devise policies to avert such crises. The invited experts authors-from the Academy, Wall Street and Government-have published no research to foresee the This is vouched by the ex-Chairman of the Federal Reserve Board, Mr. Alan Greenspan: "Everybody it [the Great Recession]," he said, "academia, the Federal Reserve, all regulators." Even the current Reserve Chairman recommends an academic article that renders the Great Recession as a slap by invisible hand (god). Nobel Prize winners in economics have opined in top news media like the New Times that no one saw this coming.

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