In this class we are focusing on the fallacy of monetary theory as a whole. Monetarism in all of its forms is based on the oligarchical model of Aristotle. Monetarism is nothing other than a system of oligarchical, imperial control. All of the theories of monetarism go back to the British East India Company and its paid ideologues, Adam Smith and Jeremy Bentham. The entire method is to deny human creative as the source of wealth and to define human beings as motivated by primitive drives such as hunger, sex, etc. Adam Smith was the author of the free trade dogma, of buying cheap and selling dear, all governed invisibly by the magic of the marketplace. Bentham defended usury and pederasty. Monetarism including in its more modern expressions by von Hayek (Austrian-British) and John Maynard Keynes (British) is an assault on the U.S. Constitutional principle of the general welfare. Money, truly conceived, is not an end in itself, but rather a credit policy designed to facilitate increases in potential population density. This class is given by Dennis Speed.

Previous presentations:

LaRouche Economic Class Series No 5
How Technology is Produced

LPAC Economic Class Series No 4
The Definition of Economic Value (July 13/14)

LPAC Class Series No 3
Thermodynamics of Political Economy (July 6/7)

LaRouche Political Action Committee Class Series No 2
Potential Relative Population Density and Energy Flux Density (June 29/30)

LaRouche Political Action Committee New Class Series No 1
On LaRouche’s Discovery (June 22/23)