Editorials

Testimonials
  • GREAT INVESTMENT INFORMATION

    I love reading The Daily Bell! Interesting investment information, a political and social viewpoint that lets me know I'm not alone in the world and "annotated" with analysis. I highly recommend it to all interested readers.

    Rick Rule
    Founder of Global Resource Investments Inc.

  • REFRESHING

    I enjoy reading The Daily Bell because it often has refreshing and novel ways of looking at things.

    Bill Bonner
    Bestselling Author, Founder of Agora Publishing

  • CONSISTENTLY SOLID

    The Daily Bell features consistently solid analysis of and thoughtful challenges to contemporary statism. I am proud to be on the team.

    Dr. Tibor Machan
    Author and Philosopher

  • NEVER MISS AN ISSUE

    I love the Daily Bell. Every issue is principled and informative.

    Lew Rockwell
    Founder of the Mises Institute

  • VERY INFORMATIVE

    I read The Daily Bell every day and I find it very informative.

    Marc Faber
    Dr. Marc Faber, Author, Publisher of The Gloom Boom & Doom Report

  • CUTTING EDGE ANALYSIS

    At a time when growing majorities worldwide are tuning out mainstream news, people are seeking the cutting edge, insightful and thought provoking analysis that The Daily Bell consistently provides.

    Gerald Celente
    Bestselling Author, Founder of the Trends Research Institute

  • INFORMATIVE SOURCE OF INFORMATION

    The Daily Bell is an informative source of information and commentary from leading figures in the liberty movement. It's a pleasure to be interviewed alongside far more notable individuals.

    Alexander McCobin
    Executive Director of Students for Liberty

  • THE DAILY BELL IS A MUST-READ

    Because the world is changing so rapidly, it is difficult to keep up, which means The Daily Bell is a must read. I consider the information critically important reading.

    Dave Morgan
    Author, Editor of Silver-Investor.com

  • GREAT JOB, DAILY BELL

    I can say that, unlike the mainstream press, The Daily Bell knows the questions to ask and has the chutzpah to ask them. They realize that socialism and Keynesianism are wrecking the world and they are helping to save what is left of liberty and free markets.

    Richard J. Maybury
    Author, Editor of U.S. & World Early Warning Report

  • POWERFUL INSIGHTS

    I consider The Daily Bell essential reading for anyone desirous of understanding the way the world really works.

    Lord William Rees-Mogg
    Author, Former Deputy Editor, Financial Times

  • INSIGHT YOU CANNOT IGNORE

    The Daily Bell provides unique insights on contemporary political, economic and social problems that can be found in such a concentrated form nowhere else. Whether one agrees or disagrees with it, one cannot afford to ignore it.

    Dr. Edwin Vieira
    Author and Constitutional Expert

  • SOURCES YOU CAN TRUST

    The Daily Bell should be on everyone's shortlist of news sources you can trust. It's on mine, and we often refer to it in our own weekly news service at The Reality Zone.

    G. Edward Griffin
    Author, Founder of Freedom Force International

  • A LEADING LIGHT

    The future is created by the people who build it, not the people who predict it will not exist. You can meet lots of important builders by reading The Daily Bell.

    Catherine Austin Fitts
    Former Assistant Secretary of Housing and Federal Housing Commissioner

  • A VIRTUAL WHO'S WHO

    The good and the bad, the big dogs and the small, the thinkers and the doers among libertarians and on the "Right" – you can encounter them all in The Daily Bell's exclusive weekly interviews. Indispensable.

    Dr. Hans Herman-Hoppe
    Author, Economist and Libertarian Philosopher

  • TRUTH AT WORK

    There are very few publications out there that have the smarts and guts to tell the truth about the dictatorial forces at work destroying our civilization. Thankfully The Daily Bell is one of them, and it appears in the mailbox every day.

    Nelson Hultberg
    Author, Director of Americans for a Free Republic

  • MESSAGES OF TRUTH

    The Daily Bell website is one of the authentic voices cutting through the clouds of vapid opinion, the morass of mediocre media and the confusion of Orwellian doublespeak. The Bell website lives up to its name, ringing unheard messages of truth in our ears.

    Jeffrey Armstrong
    Award-winning Author, Vedic Philosopher

  • SEPARATES WHEAT FROM CHAFF

    The Daily Bell is a true beacon to lead in helping the reader to separate the wheat from the chaff.

    Dr. Antal Fekete
    Author, Educator and Monetary Scientist

  • COURAGEOUS REPORTING

    There is no other publication in print or on the Internet like The Daily Bell. They have the courage to report the truth and analyze current foreign policy, politics and economic events in the context of a formerly hidden history of financial elites.

    Ron Holland
    Author & Monetary Analyst

  • EXCELLENT PERSPECTIVE

    The Daily Bell affords an excellent alternative perspective on some of the noise and nonsense of mainstream media. In particular, I enjoy reading Anthony Wile's 'free-market analysis' on current subjects and articles. Very insightful.

    Frank R. Suess
    Chairman & CEO of BFI Capital Group Inc.

  • FANTASTIC SOURCE

    The Daily Bell is a fantastic source of challenging thought from a wide range of freedom loving people.

    Dr. Joel Wade
    Author, Psychotherapist and Life Coach

  • AWE INSPIRING

    The Daily Bell is one of the most innovative and in-depth websites on the Internet. The breadth of the content is awe inspiring and the amount of knowledge imparted is almost impossible to quantify. For me, as a liberty minded seeker of knowledge, it is a must read.

    Jeff Berwick
    Founder of DollarVigilante.com

  • VOICE OF REASON

    I have thoroughly enjoyed the analysis and interviews at The Daily Bell, which has so often been a voice of reason during these perilous times

    Dr. Thomas Woods Jr.
    NY Times Bestselling Author & Senior Fellow, Mises Institute

  • AHEAD OF THE CURVE

    The Daily Bell has come out of nowhere to introduce to the Internet community some of the most intriguing and proactive interviews there are out there. Let's hear it for creativity and being ahead of the curve.

    Bill Murphy
    Chairman of Gold Anti-Trust Action Committee

  • SIMPLY TERRIFIC

    The Daily Bell does a remarkable job of exposing how money power uses central banking to crush people into submission via global government with economic and political slavery being the desired end result.

    John Browne
    Former Secretary of the Conservative Defense and Finance Committees, UK Parliament

  • A MUST-READ FOR EVERYONE

    The Daily Bell is a must-read for anyone who wants to understand the effects of the state on our economic future.

    Dr. Thomas DiLorenzo
    Professor of Economics, Loyola University Maryland

  • GREAT THINKERS YOU CAN'T GET ANYWHERE ELSE

    The Daily Bell has revived that great old institution of the personal interview, extracting information from today's great thinkers you can't get anywhere else. Outstanding!

    Jeffrey Tucker
    Author, Executive Editor of Laissez Faire Books

  • PART OF MY DAILY NEWS DIET

    I read it every day!

    Jim Rogers
    Bestselling Author, Co-founder of the Quantum Fund

  • GUTS, OBJECTIVITY, WISDOM

    Rarely does a publication have the guts and objectivity to tell it like it is, yet the eloquence and wisdom to listen carefully to the ‘other side.’ This is The Daily Bell accomplishing its daily mission.

    James Jaeger
    Telly Award-winning Filmmaker

  • ESSENTIAL READING

    Liberty is under assault by Big Government. The Daily Bell is an essential tool for information for those who want to fight for freedom.

    Steve Forbes
    Chairman and Chief Executive Officer of Forbes Media

  • PREMIER FREE-MARKET ANALYSIS

    The Daily Bell rings out for liberty every day. It is the premier online source for insightful and hard-hitting free-market analysis and interpretation of economic, political and business events.

    Dr. Richard Ebeling
    Author, Professor of Economics at Northwood University

  • INDEPENDENT

    Get outside the box with The Daily Bell and experience independent views.

    Paul Craig Roberts
    Author, Former Assistant Secretary of the Treasury in the Reagan Administration

  • EXCELLENT ANALYSIS

    The Daily Bell has a great libertarian point of view, and excellent economic analysis. Add it to your daily reading.

    Peter Schiff
    Chairman and Chief Executive Officer, Euro Pacific Capital

  • INDISPENSABLE INFORMATION

    The Daily Bell is an indispensable source of news and information for those seeking to curtail the power of the welfare-warfare state.

    Dr. Grant Havers
    Chair, Department of Philosophy, Trinity Western University

  • OUT OF THE DARK

    The Daily Bell leads us out of the dark tunnel of manipulated press into the light of free press.

    John Perkins
    Bestselling Author

  • INTELLECTUAL JOLT

    Sit down to read from The Daily Bell and experience a jolt of intellectual energy.

    Dr. Nathaniel Branden
    Psychotherapist, Bestselling Author

  • THOUGHTFUL NEWS, EXCLUSIVE INTERVIEWS

    I always read the Bell. The news items are thoughtfully selected, and the interviews are unavailable elsewhere.

    Doug Casey
    Bestselling Author and Founder of Casey Research Group

  • READ IT EVERY DAY

    A defender of free markets, The Daily Bell takes a libertarian approach to expose and unravel global misinformation. Read The Daily Bell – every day!

    Charles Payne
    FOX Business Analyst

  • RECOMMENDED READING

    For alternative views on contemporary politics, culture and science, from a libertarian point of view, check out The Daily Bell.

    Michael A. Cremo
    Author, Vedic Archeologist

  • PROFOUND AND PROVOCATIVE

    Every day, I rely on the Daily Bell for a different perspective you'll never find in the regular media. It's an analysis and timely insight that is profound and provocative.

    Craig Huey
    Author, Small Business Owner

  • EXCELLENT RESEARCH

    I really enjoy reading The Daily Bell for the excellent research and content provided on a wide variety of issues vital to the Freedom Movement.

    Dr. Mark Skousen
    Author & Founder of FreedomFest

 

Subscribe now to start your FREE email subscription to:

The Daily Bell Newswire

By subscribing, I confirm that I have read the privacy policy and the terms of use policy in its entirety and I understand and accept these terms.

 


Paul Craig Roberts

 
A Culture of Delusion

Editorial By Paul Craig Roberts

A writer's greatest disappointments are readers who have knee-jerk responses. Not all readers, of course. Some readers are thoughtful and supportive. Others express thanks for opening their eyes. But the majority are happy when a writer tells them what they want to hear and are unhappy when he writes what they don't want to hear.

For the left-wing, Ronald Reagan is the great bogeyman. Those on the left don't understand supply-side economics as a macroeconomic innovation that cured stagflation by utilizing the impact of fiscal policy on aggregate supply. Instead, they see "trickle-down economics" and tax cuts for the rich. Leftists don't understand that the Reagan administration intervened in Grenada and Nicaragua in order to signal to the Soviets that there would be no more Soviet expansion or client states and that it was time to negotiate the end of the Cold War. Instead, leftists see in Reagan the origin of rule by the one percent and the neoconservatives' wars for US hegemony.

In 1981 curtailing inflation meant collapsing nominal GNP and tax revenues. The result would be budget deficits – anathema to Republicans –  during the period of readjustment. Ending the Cold War meant curtailing the military/security complex and raised the specter in conservative circles of "the anti-Christ" Gorbachev deceiving Reagan and taking over the world.

In pursuing his two main goals, Reagan was up against his own constituency and relied on rhetoric to keep his constituency on board with his agenda. The left wing heard the rhetoric but failed to comprehend the agenda.

When I explain these facts, easily and abundantly documented, some of leftish persuasion send in condescending and insulting emails telling me that they look forward to the day that I stop lying about Reagan and tell the truth about Reagan like I do about everything else.

"Knee-jerk liberal" is a favorite term of conservatives. But conservatives can be just as knee-jerk. When I object to Washington's wars, the mistreatment of detainees and the suspension of civil liberties, some on the right tell me that if I hate America so much I should move to Cuba. Many Republicans cannot get their minds around the fact that if civil liberties are subject to the government's arbitrary discretion, then civil liberties do not exist. The flag-waving element of the population is prone to confuse loyalty to the country with loyalty to the government, unless, of course, there's a Democrat in the White House.

Rationally, it makes no sense for readers to think that a writer who would lie to them about one thing would tell them the truth about another. But as long as they hear what they want to hear, it is the truth. If they don't want to hear it, it is a lie.

Both left and right also confuse explanations with justifications.

When a writer writes about the perils that we as a society face and the implications, it is very discouraging for the writer to know that many readers will not listen unless it is what they want to hear. This discouragement is precisely what every truth-teller faces, which is why there are so few of them.

This is one reason I stopped writing a couple of years ago. I found that solid facts and sound analysis could not penetrate brainwashed and closed minds seeking vindication to keep the mind locked tightly against unsettling truths. Americans want to have their beliefs vindicated more than they want the truth. The success of print and TV pundits is based on allying with a prominent point of view or interest group and serving it. Those served make the writer or talking head successful. I never thought much of that kind of success.

But success as a whore is about the only kind of success that can occur in Washington or in the media these days. Those who refuse to prostitute themselves arouse pity and denunciation, not admiration. A couple of years ago an acquaintance from a university in the Northeast called me to say he had recently had lunch with some of my former associates in Washington. When he inquired about me, he said the response was, "Poor Craig, if he hadn't turned critic, he would be worth tens of millions of dollars like us."

I replied that my former associates were undoubtedly correct. My acquaintance said that he hadn't realized that he was having lunch with a bunch of prostitutes.

The incentive to speak the truth and the reward for doing so are very weak. And not just for a writer, but also for academics and experts who can make far more money by lying than by telling the truth. How else would we have got GMOs, jobs offshoring, the "unitary executive" and a deregulated financial system? It is a very lucrative career to testify as an expert in civil lawsuits. It is part of America's romance with the lie that experts purchased by the opposing sides in a lawsuit battle it out as gladiators seeking the jury's thumbs-up.

And look at Congress. The two members of the House who stood up for the Constitution and truth in government will soon be gone. Ron Paul is stepping down and Dennis Kucinich was redistricted out of his seat. As for the Senate, these thoughtful personages recently voted 90-1 to declare war on Iran, as the sole dissenter, Rand Paul, pointed out. The Senate is very much aware, although only a few will publicly admit it, that the US has been totally frustrated and held to a standoff, if not a defeat, in Afghanistan and is unable to subdue the Taliban. Despite this, the Senate wants a war with Iran, a war which could easily turn out to be even less successful. Obviously, the Senate not only lies to the public but also to itself.

Last week the Pentagon chief, Panetta, told China that the new US naval, air, and troop bases surrounding China are not directed at China. What else could be the purpose of the new bases? Washington is so accustomed to lying and to being believed that Panetta actually thinks China will believe his completely transparent lie. Panetta has confused China with the American people: Tell them what they want to hear, and they will believe it.

Americans live in a matrix of lies. They seldom encounter a truthful statement.There is no evidence that Americans can any longer tell the difference between the truth and a lie. Americans fell for all of these lies and more: Saddam Hussein has weapons of mass destruction and al Qaeda connections. Saddam Hussein's troops seized Kuwaiti babies from incubators and threw them on the floor. Gaddafi fed his troops Viagra to help them rape Libyan women. Iran has a nuclear weapons program. Change – yes we can!

The US is "the indispensable country." America is broke because of food stamps and Social Security, not because of wars, bankster bailouts and a failing economy. Russia is America's number one enemy. China is America's number one enemy. Iran is a terrorist state. Jobs offshoring is free trade and good for the US economy. Israel is America's most loyal ally. The US missile shield surrounding Russia is not directed at Russia. The South China sea is an area of US national interest. Financial markets are self-regulating.

The list is endless. Lies dominate every policy discussion, every political decision. The most successful people in America are liars.

The endless lies have created a culture of delusion. And this is why America is lost. The beliefs of many Americans, perhaps a majority, are comprised of lies. These beliefs have become emotional crutches, and Americans will fight to defend the lies that they believe. The inability of Americans to accept facts that are contrary to their beliefs is the reason the country is leaderless and will remain so. Unless scales fall from Americans' eyes, Americans are doomed.

Rate this article:

Total Ratings: 0 - Average Rating: 0.0

Books by Anthony Wile
Financial
Freedom

The High Alert Way to Discover Winning and Profitable Investment Ideas

Free Download

The Best of
Anthony Wile

Select Editorials & Exclusive Interviews As featured at TheDailyBell.com

Free Download

High
Alert

How the Internet Reformation is causing a financial hurricane - and how to profit from it

Free Download

The Liberation
of Flockhead

A modest, monetary fable

Free Download

Who We Are

The Daily Bell is published by a dedicated team of experienced researchers and writers who utilize Anthony Wile’s VESTS model to analyze sociopolitical, economic and financial information from a free-market perspective, debunking mainstream media memes and providing insights and analysis derived from business cycle analysis that yield timely insights into profitable investment trends.

 
Sign Up for our FREE Newsletter

Subscribe now to start your FREE email subscription to
The Daily Bell Newswire.