Monday, January 17, 2011

NY Times Paints Loughner and Hard Money Libertarianism as Right Wing Extreme

The leftist ridicule offensive continues, designed to preoccupy the opposition and get the right fighting amongst themselves over who belongs and who doesn't, while the left presses on for new gun control measures and suppression of free speech.

Notice the elision going on in the first passage here:

He became an echo chamber for stray ideas, amplifying, for example, certain grandiose tenets of a number of extremist right-wing groups — including the need for a new money system and the government’s mind-manipulation of the masses through language.

Libertarians generally hold to hard money ideas, but that hardly makes them right wing, witness the long war of traditionalists like Russell Kirk against what he called "the chirping sectaries." The hard money idea is subtly paired with mind-manipulation conspiracy theory by the Times, whatever that means, without support and simply by assertion. Having been a fairly well-informed conservative since the late 70s, one is hard-pressed to know what the Times is even talking about. There you go again, one of our own might say now. We've had our Truthers and our Birthers. Now we've got our Minders, I guess.

One suspects the Times knows full well its only plausible case is in the Libertarian hard money ideology, as here:

A few days later, during a meeting with a school administrator, Mr. Loughner said that he had paid for his courses illegally because, “I did not pay with gold and silver” — a standard position among right-wing extremist groups. With Mr. Loughner’s consent, that same administrator then arranged to meet with the student and his mother to discuss the creation of a “behavioral contract” for him, after which the official noted: “Throughout the meeting, Jared held himself very rigidly and smiled overtly at inappropriate times.”

Notice the effort to paint gold and silver backed money as "a standard position" on the right. It isn't, and it hasn't been as long as conservatism has been resurgent since the 60s and Milton Friedman style monetarism and devotion to a strong dollar captured people's imaginations.

Clear-headed thinkers on the right, like George Will, have well noted the Federal Reserve's failure to maintain a sound currency partly because its mandate was divided in 1978 to include maintaining full employment. Instead, hard money ideology has been an enthusiasm prevalent on the fringe, among Libertarians, in the post-war era in view of the fact that the monetarist consensus has been breaking down due to its failures, and because the gold standard used to be, well, the law of the land, all the way up until . . . FDR.

The dishonesty of the presentation coheres with the view of the Times that, for most of its history, America has been a veritable right-wing nuthouse. They ought to know.