Lew Rockwell columnist, Gary North, published a piece today that explains exactly how colleges, Universities and the mainstream media eventually anointed Keynesian economics theory as the only "legitimate" economics theory to be studied, discussed and implemented as official government policy. Everything else is considered fringe, or irrational supporters of an "already proven to have failed" Gold standard money system.
In short, the so called "conspiracy theory" is true.
In the exact same way the Rockefeller Foundation funded the feminist movement through Womynz Study Programs, and the funding of Albert Kinsey's research and report that mainstreamed and normalized sexual deviancy, as well as funding Margaret Sanger and Planned Parenthood, so too did this entity buy out the study of economics.
Gary North points out how:
Higher education in the United States was transformed by Rockefeller money, beginning in 1902: the General Education Board. The GEB made grants to colleges only if they hired Ph.D-holding graduates of a handful of universities, which alone granted the Ph.D. This way, the universities could indirectly take over the rest of the colleges, which were mostly church-related. The strategy worked.
Rockefeller's academic empire included the University of Chicago, which he founded. From the turn of the 20th century, the University of Chicago's department of economics repudiated the use of gold in monetary affairs.
From 1902, the Rockefeller foundation used it's immense wealth to essentially buy higher education in this country. From that point on, it only took 11 years for the Rockefeller-bought PhD economists to promote a paradigm that eventually led to the creation of the Central Banking Cartel, the Federal Reserve.
This is why, as North points out:
There has never been a college textbook in economics that called the FED a government-created cartel that exists for the sake of the largest banks. This outlook shapes the thinking of the students who get certified to teach. They are literally unable intellectually to apply the economic theory in the chapter on cartels to the Federal Reserve System, despite the fact that the theory in the cartel chapter fits seamlessly onto the facts of the FED. Support of central banking is basic to the entire curriculum in modern economics.
The Rockefeller Foundation did more than use grant funding in the early 20th century to influence the entire study of economics. The Federal Reserve Cartel itself has continued the practice as well. North explains:
For decades, the Federal Reserve's Board of Governors (government) and its 12 regional banks (privately owned) have spent tens of millions of dollars (created out of nothing) handing research jobs to academic economists. The FED has literally bought off the profession. This story was concealed for years by the FED and its bought-off defenders, but it has recently surfaced.
North then links to the following Huffington Post article, Priceless: How The Federal Reserve Bought The Economics
The Federal Reserve, through its extensive network of consultants, visiting scholars, alumni and staff economists, so thoroughly dominates the field of economics that real criticism of the central bank has become a career liability for members of the profession, an investigation by the Huffington Post has found.
This dominance helps explain how, even after the Fed failed to foresee the greatest economic collapse since the Great Depression, the central bank has largely escaped criticism from academic economists. In the Fed's thrall, the economists missed it, too.
"The Fed has a lock on the economics world," says Joshua Rosner, a Wall Street analyst who correctly called the meltdown. "There is no room for other views, which I guess is why economists got it so wrong."
Of course, it must be pointed out here that the Rockefeller's were instrumental in the creation of the Federal Reserve...not just by buying out the economics academic establishment, but also through "supporting" politicians who pushed through the Federal Reserve Act in the first place. This connection is noted at Wikipedia (for which I will not link to, but only point out here that Wiki does represent the so-called mainstream, politically correct source of info, and they too note the Rockefeller/Fed connection). This connection is not just in the minds of what useful idiots and misinformation disseminater's would claim is nothing more than the fevered imagination of "conspiracy theorists." The key politician behind the Federal Reserve Act was Senator Nelson Aldrich, John D. Rockefeller's son-in-law. From the Wiki article on the Federal Reserve:
In early November 1910, Aldrich met with five well known members of the New York banking community to devise a central banking bill. Paul Warburg, an attendee of the meeting and long time advocate of central banking in the U.S., later wrote that Aldrich was "bewildered at all that he had absorbed abroad and he was faced with the difficult task of writing a highly technical bill while being harassed by the daily grind of his parliamentary duties". After ten days of deliberation, the bill, which would later be referred to as the "Aldrich Plan", was agreed upon. It had several key components, including a central bank with a Washington-based headquarters and fifteen branches located throughout the U.S. in geographically strategic locations, and a uniform elastic currency based on gold and commercial paper. Aldrich believed a central banking system with no political involvement was best, but was convinced by Warburg that a plan with no public control was not politically feasible. The compromise involved representation of the public sector on the Board of Directors.
Aldrich's bill met much opposition from politicians. Critics were suspicious of a central bank, and charged Aldrich of being biased due to his close ties to wealthy bankers such as J. P. Morgan and John D. Rockefeller, Jr., Aldrich's son-in-law.
The Federal Reserve is not just a banking cartel with the exclusive rights to create money out of nothing - fiat currency - it has also established a cartel in economics research and study in both higher education and in the media. This is how they control the narrative to maintain their hold on the ability to enslave We the Sheeple with the modern day system of Bankster-run Serfdom.
As Ron Paul continues to gain momentum with his End the Fed campaign, he's not just taking on the Federal Reserve system, he's taking on the entire establishment of academic and mainstream media economists and think tanks...an establishment that should rightly be identified as Rockefeller Economics.