Cato is a joke: Ben Bernanke is their guest essayist

After having read Uncle Ben's screed heralding the benevolence of the corporate-communist ponzi scheme substituted for a constitutional and sound monetary system in the United States, I was struck by the irony of the title "The Fed’s Road toward Greater Transparency."

In touting the Federal Reserve's "Federal Open Market [sic] Committee" shiny new policy of "transparency" without mentioning the need, for the sake of true transparency, to televise all meetings of the Fed, again publish the total money supply (M3) which it discontinued in 2006, and publish the majority shareholders in the regional banks of the Federal Reserve Cartel, Bernanke is serving as nothing more than a soothsayer for the status quo in his verbose and byzantine language.

Neither does he, in his quest for "greater transparency," address the true nature of our fiat currency, the insidious nature of the hidden inflation tax that he and his money masters foist upon hard-working Americans who want to save for the future, the impropriety of the Fed's "Fractional Reserve Banking" whereby money is magically and exponentially created and transmogrified in the form of bits in a computer, or the true nature of the Federal Reserve "quasi-private" banking cartel.

Apparently according to Uncle Ben, "transparency" means never questioning the underlying assumptions of the system for which you are an assigned gatekeeper.

Meet the Fed

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The Antidote to neoCon Koolaid: www.dvds4delegates.com

"We really do have...a once in a lifetime opportunity to take the Republican Party back to where it was." -Kent Snyder, 1959-2008

Others have mentioned that Cato is trying to be pragmatic and stay relevant, and I agree with these assessments. But it's also fundamentally different from a "libertarian" organization in that it's method is to NOT argue along theoretical/philosophical lines (like "taxation is theft!" or "the government has no right to tell me what I do with my body so long as it doesn't hurt anyone else!). Cato is there to provide evidence- facts, figures, and proof-based explanations- of why a more libertarian world would be a better place to live in. People like Bernanke can certainly help our cause in this respect.

While I obviously cannot say I agree with what Bernanke has done as chair, I have enormous respect for him as an academic, particularly when it comes to issues such as the Great Depression.

He's a good economist. Sure he works for the Fed, but that's the way we handle money in this country so somebody has to fill the position. He's just a guy doing his job. Eliminating the Fed is the goal but we're not there yet. Since we do have a Fed, it's best we have someone intelligent in there and it's good to know what his views are on how best to direct monetary policy.

Greespan was a libertarian who even said he preferred the Fed not to exist.

Don't make things personal. I know anarchists who supported Dr. Paul's candidacy. Again, from that perspective it's best to have someone intelligent in there even if he's doing a job that shouldn't exist, because some idiot is going to take the job if he doesn't get it.

HAHAHAHAHAHAHAHAAHHAHA - a "libertarian" think tank in DC, licking the balls of the washington elitists. HAHAHAHAHA!!

What, couldn't they get Fidel Castro?

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Cato was taken over years ago by the like of Fred Smith (of FedEx) who has to be one of the most non-libertarian people out there, or maybe you never noticed the FedEx boxes on US government property (at just about every Post Office) he inked that crooked deal to make sure it was only FedEx that got that prime spot. That's just one simple example, there are plenty of others.

Cato are beltway libertarians. While I use that term as a pejorative, I do recognize that the environment is not friendly to hardline libertarianism, so I do consider Cato a pragmatic ally.

Edit: I didn't see stuki's post below. Consider it echoed.

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Liberty for Dummies

"Sell not virtue to purchase wealth, nor Liberty to purchase power." -Ben Franklin

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The Antidote to neoCon Koolaid: www.dvds4delegates.com

"We really do have...a once in a lifetime opportunity to take the Republican Party back to where it was." -Kent Snyder, 1959-2008

In order to stay relevant, Cato has to find some middle ground between doctrinaire purity and practical relevance. Most, perhaps all, of what Cato is advocating would be step in the right direction compared to where we are now. If having famous people in influential positions write essays for them help bring their message to a wider audience, that can’t be anything but good.

Amongst organizations that regularly have their publications circulated at the highest levels in DC, I can’t think of any with even remotely the liberty credentials of Cato. I have no doubt that if we do our job, and bring a few actual representatives to DC, Cato will quickly throw its formidable weight behind them. In all but perhaps a few corner cases, they are definitely on our side.

are all students and proponents of Austrian economics. The last two failed to change the system from within, and I fear the first will do the same.

I think they realize that in order to succeed you must change the rule of law. In order to do that, you must become a politician. They gave up. Paul has not. Any man measured against Dr. Paul is a failure.

Do not be so harsh with your criticism.

WAHOR!!
http://www.dailypaul.com/...

I came to that conclusion. Peace

If I"m not mistaken isn"t Rockefeller one of there main contributor???