May

28

 Is the Federal Reserve part of some sort of conspiracy, such as a "New World Order"?

Complete trust in the Federal Reserve and other institutions can be hard to come by these days in light of conspiracy theories. Polls have shown that a majority of Americans believe in at least one conspiracy theory. Further, similar to the open-minded views of some other professional philosophers such as Lee Basham, David Coady, and Charles Pigden, Matthew R. X. Dentith has noted that a conspiracy theory upon examination can, though not necessarily, be rational.

Although I admit I was once open to the possibility, I do not seriously entertain the possibility that the Federal Reserve is involved in some sort of conspiracy. Rather, I do entertain some "deep thoughts" on objective reality in a philosophical sense. In this regard, in my post on this website entitled "Where Does Interest Come From?," and dated May 20, 2016, I addressed the issue, some might argue conspiracy, regarding the source of macroeconomic interest. In that post, summarizing another online post of mine, I said that "I question objective reality in a manner similar to anti-realism due to the fact that economists still have not settled the issue of where money for macroeconomic interest (and profits) comes from."


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