Dear Wall Street Journal: You don't have to be a Nazi to question central banking

Tuesday, October 18, 2016

Editor, The Wall Street Journal
1211 Avenue of the Americas
New York, N.Y. 10036

Dear Editor:

Before your Bret Stephens again casually attributes anti-Semitism to complaints about central banking, as he did in his October 18 commentary, "The Plot Against America" --

http://www.wsj.com/articles/the-plot-against-america-1476745874

-- he should try attending the monthly meetings of the Federal Open Market Committee and the Bank for International Settlements, where unelected officials gather secretly to determine what money is worth, to allocate huge amounts of it to favored institutions but not to others, and to plot surreptitious intervention in markets, thereby determining the value of all capital, labor, goods, and services in the world.

The Wall Street Journal itself seems to accept this most undemocratic wielding of immense power as the natural order of things.

But just as the old advertising slogan for rye bread noted that "you don't have to be Jewish to love Levy's," you don't have to be a Nazi to question central banking. Theoretically, at least, you could even be a journalist, if not at The Wall Street Journal.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
7 Villa Louisa Road
Manchester, Connecticut 06043-7541
USA
CPowell@GATA.org