When the Media Fails, Countries Fail

It’s amusing to see how the U.S. Government’s fiscal policies are covered by the mainstream press. For example, in headlines like “Rand Paul delays budget vote as shutdown looms hours away” and “Rand Paul was holding up the Senate’s vote on a massive budget deal” (CNBC example here), even many people with fiscally conservative instincts will see those headlines and feel a subtle irritation with Rand Paul.

Why? Because these headlines imply that he must be a reckless obstructionist! He is jeopardizing the lives of millions of women and children who depend on government assistance! He is an attention-seeking idealist who doesn’t understand that “the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost.” (source: Federal Reserve)

In reality, Rand Paul is one of the only sane voices in Washington today. Of course, all politicians are forced to make some compromises, and I don’t agree with Rand Paul on everything. However, the mainstream media is, again, failing to serve its most crucial role as “the watchdog of the people” whenever it fails to place stories like this in their correct context.

In this case, Rand Paul is standing up for a very important and pragmatic principle: Spending grossly beyond your means—whether you’re an individual or a government—is not in the best long-term interest of any society. As the Global Governance Scorecard confirms, the global economy today is teetering on the precipice of catastrophic collapse because humanity has more debt than ever in human history and Rand Paul is the lone voice of sanity in Washington, not a reckless obstructionist.

Until the mainstream media starts capturing this reality in their reporting, they are merely serving as sock puppets for the White House, Congress, and the banking lobby, all of which benefit by chocking our citizenry with endless rivers of debt.

About Ferris Eanfar

Ferris Eanfar has over 20 years of experience in technical, financial, media, and government intelligence environments. He has written dozens of articles and several books in the fields of Economics, Crypto-Economics, and International Political Economy, including Broken Capitalism: This Is How We Fix It and GINI: Capitalism, Cryptocurrencies & the Battle for Human Rights and the Global Governance Scorecard. Ferris is a cofounder of the Gini Foundation, which builds unique cryptocurrency systems to protect human rights, among other benefits; and the CEO of the AngelPay Foundation, a nonprofit financial services company with a mission to “return wealth and power to the creators of value.” To learn more about Ferris, please visit the About Ferris page.

Visit Ferris on: Click to view's Ferris Eanfar's LinkedIn profile. and Click to view's Ferris Eanfar's Twitter stream.