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Breaking! Economist Appearing On Max Keiser Show Forced To Resign

http://www.forbes.com/sites/jonmatonis/2012/08/26/economist-appearing-on-max-keiser-show-forced-to-resign/

 8/26/2012 @ 11:47AM 

“…

On August 16th, Jaitly elaborated further on Russia Today’s Keiser Report:

Mises didn’t look back to Menger’s original axiom which was that value is not outside of your own consciousness. And he didn’t observe what Menger observed about market action in the sense that there are always two prices, there’s a bid and an offer. And von Mises didn’t like to admit that interest was a market phenomenon. He sort of wanted to imply that it’s a sort of natural consequence of not having a present good basically. So to develop a theory of interest without going back to Menger’s original observations is not continuing the tradition in the Austrian way as we would see it.

Then, after much debate in the blogosphere, someone known as kdt postedthis text purporting to come from The Gold Standard Institute on August 25th:

Lest there be any misunderstanding, the views expressed by Sandeep Jaitly in his interview with Max Keiser (http://maxkeiser.com/tag/carl-menger/) are not the views of The Gold Standard Institute. To the contrary, we strongly disagree with those views. There is no doubt that Ludwig von Mises made mistakes; that should not diminish the respect due to a great scholar. The mistakes of Mises are dwarfed by the enormity of his positive contributions. The Institute believes that history will judge Ludwig von Mises far more kindly than does Mr. Jaitly. The Ayn Rand diatribe was of a tone that displayed little understanding of her philosophy and needs no further comment. The philosophy of The Gold Standard Institute has always been, and will remain, to debate and promote ideas, not to attack people.

Sandeep Jaitly has resigned from his position as Senior Research Fellow with the Institute and we sincerely thank him for his past contributions.

Philip Barton
President…..”

 

Going Knee-Deep With Sandeep (with video)

 

I considered another title for this post; Degrade With Dave, but I really like Sandeep Jaitly.  He’s willing to wade right into a subject matter that most folks wouldn’t even consider.  If most folks did bring it up people would think they were crazy.  You see Sandeep is willing to talk about human consciousness and its role in value creation in reference to gold.  On top of that he’s willing to attempt to melt his ideas with those of Karl Menger and the Austrian School of economics.   

Max Keiser of The Keiser Report recently interviewed Sandeep.  They talked about the subjective and objective aspects of gold and why Sandeep, unlike Fed Chairman Ben Bernanke, believes that gold is money.  If you listen to the interview carefully however you will also hear two things that may surprise you. 

1.  Gold has no intrinsic value

2.  Gold is being debased by mankind

 

http://tradewithdave.com/?p=7401

August 26, 2012 - Posted by arclight2011 | Uncategorized