Twin Demons of War and Central Banking - Lew RockwellSubmitted by Luv-n-liberty on Mon, 09/17/2012 - 14:02
This talk was delivered at the Mises Circle in New York City on September 14, 2012.
The twentieth century was the century of total war. Limitations on the scope of war, built up over many centuries, had already begun to break down in the nineteenth century, but they were altogether obliterated in the twentieth. And of course the sheer amount of resources that centralized states could bring to bear in war, and the terrible new technologies of killing that became available to them, made the twentieth a century of almost unimaginable horror.
It isn’t terribly often that people discuss the development of total war in tandem with the development of modern central banking, which – although antecedents existed long before – also came into its own in the twentieth century. It’s no surprise that Ron Paul, the man in public life who has done more than anyone to break through the limits of what is permissible to say in polite society about both these things, has also been so insistent that the twin phenomena of war and central banking are linked. "It is no coincidence," Dr. Paul said, "that the century of total war coincided with the century of central banking."